873 Shares in BancFirst Co. (NASDAQ:BANF) Bought by Point72 DIFC Ltd

Point72 DIFC Ltd bought a new stake in shares of BancFirst Co. (NASDAQ:BANF) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 873 shares of the bank’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of BancFirst during the 4th quarter valued at about $23,802,000. Edgestream Partners L.P. acquired a new position in BancFirst during the first quarter valued at approximately $4,274,000. BancFirst Trust & Investment Management raised its position in shares of BancFirst by 4.2% in the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock valued at $99,246,000 after purchasing an additional 45,629 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of BancFirst by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock worth $87,888,000 after buying an additional 16,664 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of BancFirst by 255.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 15,750 shares of the bank’s stock worth $1,381,000 after buying an additional 11,324 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BANF shares. Piper Sandler lifted their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

BancFirst Stock Up 0.4 %

BANF opened at $104.54 on Friday. The business has a 50 day moving average of $104.23 and a 200-day moving average of $93.37. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 17.08 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 1-year low of $79.99 and a 1-year high of $111.00.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. The firm had revenue of $153.84 million during the quarter, compared to the consensus estimate of $149.75 million. As a group, sell-side analysts anticipate that BancFirst Co. will post 6.07 earnings per share for the current year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. BancFirst’s dividend payout ratio (DPR) is 30.07%.

Insider Activity at BancFirst

In other news, EVP Dennis Jay Hannah sold 3,000 shares of BancFirst stock in a transaction that occurred on Friday, July 19th. The stock was sold at an average price of $106.50, for a total transaction of $319,500.00. Following the sale, the executive vice president now owns 7,714 shares of the company’s stock, valued at approximately $821,541. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William Scott Martin sold 5,000 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $107.50, for a total value of $537,500.00. Following the completion of the transaction, the director now owns 326,904 shares in the company, valued at approximately $35,142,180. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dennis Jay Hannah sold 3,000 shares of BancFirst stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $106.50, for a total transaction of $319,500.00. Following the sale, the executive vice president now owns 7,714 shares in the company, valued at $821,541. The disclosure for this sale can be found here. Insiders have sold 67,564 shares of company stock worth $7,150,517 over the last three months. Company insiders own 33.89% of the company’s stock.

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 BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.