Texas Permanent School Fund Corp Sells 273 Shares of BancFirst Co. (NASDAQ:BANF)

Texas Permanent School Fund Corp reduced its stake in shares of BancFirst Co. (NASDAQ:BANF) by 1.7% in the 2nd quarter, Holdings Channel reports. The firm owned 15,353 shares of the bank’s stock after selling 273 shares during the quarter. Texas Permanent School Fund Corp’s holdings in BancFirst were worth $1,412,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised its position in BancFirst by 2.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,233,634 shares of the bank’s stock worth $185,615,000 after purchasing an additional 47,128 shares during the last quarter. Vanguard Group Inc. raised its position in BancFirst by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 2,033,648 shares of the bank’s stock worth $169,221,000 after purchasing an additional 31,248 shares during the last quarter. State Street Corp raised its position in BancFirst by 2.7% during the 3rd quarter. State Street Corp now owns 855,004 shares of the bank’s stock worth $76,840,000 after purchasing an additional 22,405 shares during the last quarter. Champlain Investment Partners LLC bought a new position in BancFirst during the 1st quarter worth $36,915,000. Finally, Geode Capital Management LLC raised its position in BancFirst by 5.2% during the 1st quarter. Geode Capital Management LLC now owns 380,574 shares of the bank’s stock worth $31,626,000 after purchasing an additional 18,738 shares during the last quarter. 44.97% of the stock is owned by institutional investors.

BancFirst Stock Performance

Shares of BancFirst stock opened at $86.48 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06. The business has a 50-day moving average price of $84.94 and a two-hundred day moving average price of $89.38. BancFirst Co. has a 1-year low of $68.44 and a 1-year high of $104.00. The company has a market cap of $2.85 billion, a P/E ratio of 13.14 and a beta of 1.11.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, October 19th. The bank reported $1.52 EPS for the quarter, beating the consensus estimate of $1.48 by $0.04. The company had revenue of $148.76 million during the quarter, compared to the consensus estimate of $146.75 million. BancFirst had a return on equity of 16.74% and a net margin of 28.26%. As a group, analysts anticipate that BancFirst Co. will post 6.33 EPS for the current year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This is an increase from BancFirst’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a dividend yield of 1.99%. BancFirst’s dividend payout ratio (DPR) is currently 26.14%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BANF. DA Davidson increased their price target on BancFirst from $84.00 to $91.00 and gave the stock a “neutral” rating in a report on Monday, July 24th. StockNews.com began coverage on BancFirst in a report on Thursday, October 5th. They set a “sell” rating for the company. Finally, Piper Sandler decreased their price target on BancFirst from $82.00 to $79.00 and set an “underweight” rating for the company in a report on Monday, October 23rd.

About BancFirst

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.