Louisiana State Employees Retirement System Makes New $998,000 Investment in BancFirst Corporation $BANF

Louisiana State Employees Retirement System bought a new stake in shares of BancFirst Corporation (NASDAQ:BANF) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,200 shares of the bank’s stock, valued at approximately $998,000.

Other hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its stake in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after purchasing an additional 291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BancFirst by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock valued at $1,301,000 after buying an additional 505 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of BancFirst by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock worth $5,098,000 after acquiring an additional 3,433 shares during the period. Jane Street Group LLC bought a new position in shares of BancFirst during the 1st quarter worth $3,646,000. Finally, Cetera Investment Advisers purchased a new stake in BancFirst in the 2nd quarter worth about $207,000. 51.72% of the stock is currently owned by institutional investors.

Insider Activity at BancFirst

In other BancFirst news, Director David E. Rainbolt sold 24,614 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $115.55, for a total value of $2,844,147.70. Following the completion of the transaction, the director owned 182,004 shares of the company’s stock, valued at $21,030,562.20. The trade was a 11.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 58,217 shares of company stock worth $6,719,222 over the last ninety days. 31.67% of the stock is currently owned by insiders.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $113.97 on Friday. The firm has a fifty day moving average price of $111.84 and a two-hundred day moving average price of $111.52. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 15.61 and a beta of 0.59. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.08. The firm had revenue of $179.00 million for the quarter, compared to analysts’ expectations of $177.19 million. BancFirst had a net margin of 25.50% and a return on equity of 13.62%. During the same quarter in the prior year, the firm posted $1.66 earnings per share. Analysts anticipate that BancFirst Corporation will post 7.39 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is 26.85%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BANF. Weiss Ratings upgraded shares of BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. DA Davidson restated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Friday, June 12th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, BancFirst presently has an average rating of “Hold” and a consensus price target of $124.00.

About BancFirst

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.