Swiss National Bank Reduces Holdings in BancFirst Co. (NASDAQ:BANF)

Swiss National Bank trimmed its stake in BancFirst Co. (NASDAQ:BANF) by 10.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,018 shares of the bank’s stock after selling 4,500 shares during the period. Swiss National Bank owned approximately 0.12% of BancFirst worth $3,242,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of BancFirst by 19.4% in the 3rd quarter. Royal Bank of Canada now owns 745 shares of the bank’s stock valued at $66,000 after buying an additional 121 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in BancFirst by 45.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 987 shares of the bank’s stock worth $87,000 after purchasing an additional 309 shares during the period. Point72 Middle East FZE acquired a new stake in BancFirst during the 4th quarter worth $108,000. Captrust Financial Advisors boosted its stake in BancFirst by 132.7% during the 1st quarter. Captrust Financial Advisors now owns 1,578 shares of the bank’s stock worth $132,000 after purchasing an additional 900 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in BancFirst by 273.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,982 shares of the bank’s stock worth $175,000 after purchasing an additional 1,451 shares during the period. 44.97% of the stock is owned by hedge funds and other institutional investors.

BancFirst Stock Up 2.5 %

BANF stock opened at $97.96 on Monday. BancFirst Co. has a one year low of $68.44 and a one year high of $108.32. The stock has a market capitalization of $3.23 billion, a PE ratio of 14.60 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a fifty day moving average of $96.74 and a 200-day moving average of $88.95.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 20th. The bank reported $1.64 EPS for the quarter, beating the consensus estimate of $1.61 by $0.03. BancFirst had a net margin of 30.43% and a return on equity of 17.66%. The firm had revenue of $153.90 million during the quarter, compared to analysts’ expectations of $153.91 million. As a group, analysts expect that BancFirst Co. will post 6.27 EPS for the current year.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.43 dividend. This is a boost from BancFirst’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.76%. BancFirst’s dividend payout ratio (DPR) is 25.63%.

Insider Activity at BancFirst

In related news, Director Robin Noel Roberson sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $94.30, for a total value of $471,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 34.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BANF. StockNews.com began coverage on shares of BancFirst in a research note on Thursday, August 17th. They set a “sell” rating for the company. DA Davidson raised their target price on shares of BancFirst from $84.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, July 24th. Finally, Piper Sandler raised their target price on shares of BancFirst from $73.00 to $82.00 and gave the stock an “underweight” rating in a research note on Monday, July 24th.

BancFirst Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through Metropolitan Banks, Community Banks, Pegasus, Worthington, and Other Financial Services segments.