Credit Suisse AG Has $1.50 Million Holdings in BancFirst Co. (NASDAQ:BANF)

Credit Suisse AG boosted its holdings in shares of BancFirst Co. (NASDAQ:BANF – Get Rating) by 10.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,797 shares of the bank’s stock after acquiring an additional 1,599 shares during the quarter. Credit Suisse AG owned 0.05% of BancFirst worth $1,503,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in BancFirst during the 3rd quarter worth about $36,000. Eagle Bay Advisors LLC acquired a new stake in shares of BancFirst during the 2nd quarter valued at about $39,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of BancFirst during the 2nd quarter valued at about $66,000. Federated Hermes Inc. acquired a new stake in shares of BancFirst during the 2nd quarter valued at about $81,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of BancFirst by 21.3% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,265 shares of the bank’s stock valued at $121,000 after buying an additional 222 shares during the last quarter. 45.85% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Stock Down 0.6 %

Shares of BANF stock opened at $88.30 on Wednesday. The stock’s 50 day simple moving average is $87.20 and its 200 day simple moving average is $93.41. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.93 and a current ratio of 0.93. BancFirst Co. has a twelve month low of $75.98 and a twelve month high of $118.07. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 15.30 and a beta of 1.07.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, March 30th. BancFirst’s payout ratio is 27.73%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Sunday. Piper Sandler reduced their price target on BancFirst from $97.00 to $84.00 and set an “underweight” rating for the company in a report on Monday, January 23rd.

Insider Activity at BancFirst

In related news, Director Dave R. Lopez sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $92.96, for a total value of $185,920.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other BancFirst news, EVP Kevin Lawrence sold 2,291 shares of BancFirst stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $92.00, for a total value of $210,772.00. Following the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $920,000. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dave R. Lopez sold 2,000 shares of BancFirst stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $92.96, for a total value of $185,920.00. The disclosure for this sale can be found here. 35.70% of the stock is owned by company insiders.

About BancFirst

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BancFirst Corp. is a bank holding company, which provides retail and commercial banking services. Its services include commercial, real estate, agricultural and consumer lending, depository and funds transfer services, collections, safe deposit boxes, cash management services, retail brokerage services, and other services tailored for both individual and corporate customers.