SG Americas Securities LLC Has $1.24 Million Stock Position in BancFirst Corporation $BANF

SG Americas Securities LLC grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 1,012.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,722 shares of the bank’s stock after buying an additional 10,668 shares during the quarter. SG Americas Securities LLC’s holdings in BancFirst were worth $1,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP grew its holdings in shares of BancFirst by 47.5% during the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of BancFirst by 2.2% during the third quarter. Oregon Public Employees Retirement Fund now owns 4,652 shares of the bank’s stock valued at $588,000 after buying an additional 100 shares during the last quarter. Triton Financial Group Inc grew its holdings in shares of BancFirst by 0.7% during the third quarter. Triton Financial Group Inc now owns 14,592 shares of the bank’s stock valued at $1,845,000 after buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in BancFirst by 26.1% during the third quarter. EverSource Wealth Advisors LLC now owns 507 shares of the bank’s stock worth $64,000 after purchasing an additional 105 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in BancFirst by 55.0% during the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock worth $44,000 after purchasing an additional 121 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Stock Performance

NASDAQ BANF opened at $110.66 on Wednesday. The company’s 50 day moving average is $111.28 and its 200-day moving average is $112.90. BancFirst Corporation has a 12-month low of $99.78 and a 12-month high of $138.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.71 billion, a P/E ratio of 15.54 and a beta of 0.61.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). BancFirst had a net margin of 25.05% and a return on equity of 13.68%. The business had revenue of $181.00 million during the quarter, compared to the consensus estimate of $173.76 million. Sell-side analysts predict that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, March 31st. BancFirst’s dividend payout ratio is 27.53%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BANF. Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Keefe, Bruyette & Woods boosted their price target on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Finally, DA Davidson reiterated a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research note on Monday, March 9th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $124.00.

BancFirst Company Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.