Victory Capital Management Inc. Raises Holdings in BancFirst Co. (NASDAQ:BANF)

Victory Capital Management Inc. increased its position in shares of BancFirst Co. (NASDAQ:BANF) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,051 shares of the bank’s stock after purchasing an additional 253 shares during the quarter. Victory Capital Management Inc.’s holdings in BancFirst were worth $953,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst during the third quarter worth approximately $38,000. Blue Trust Inc. increased its position in shares of BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of BancFirst by 64.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after purchasing an additional 328 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of BancFirst during the second quarter worth approximately $77,000. Finally, nVerses Capital LLC purchased a new stake in shares of BancFirst during the third quarter worth approximately $105,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BancFirst

In other news, EVP Dennis Jay Hannah sold 10,543 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total value of $1,334,532.94. Following the transaction, the executive vice president now owns 1,564 shares in the company, valued at approximately $197,971.12. This represents a 87.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Scott Martin sold 5,000 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total value of $567,500.00. Following the completion of the transaction, the director now owns 306,904 shares in the company, valued at approximately $34,833,604. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,844 shares of company stock valued at $20,608,335 in the last quarter. Corporate insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BANF shares. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson increased their target price on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st.

BancFirst Price Performance

BANF stock opened at $127.36 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $4.22 billion, a P/E ratio of 20.63 and a beta of 1.02. The business’s 50-day moving average is $112.28 and its two-hundred day moving average is $101.16. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $163.67 million for the quarter, compared to analyst estimates of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. Analysts anticipate that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst’s dividend payout ratio is currently 29.58%.

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.