BancFirst Corporation (NASDAQ:BANF) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in BancFirst Corporation (NASDAQ:BANF) by 1.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,206 shares of the bank’s stock after acquiring an additional 349 shares during the period. Envestnet Asset Management Inc. owned 0.09% of BancFirst worth $3,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of BancFirst by 211.2% in the first quarter. GAMMA Investing LLC now owns 582 shares of the bank’s stock worth $64,000 after acquiring an additional 395 shares during the last quarter. Sterling Capital Management LLC grew its position in BancFirst by 779.4% in the fourth quarter. Sterling Capital Management LLC now owns 554 shares of the bank’s stock valued at $65,000 after acquiring an additional 491 shares during the period. Cubist Systematic Strategies LLC bought a new stake in BancFirst in the fourth quarter valued at $135,000. National Bank of Canada FI grew its holdings in shares of BancFirst by 12.4% during the fourth quarter. National Bank of Canada FI now owns 1,684 shares of the bank’s stock worth $197,000 after purchasing an additional 186 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of BancFirst during the fourth quarter worth $203,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

BANF has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on BancFirst from $123.00 to $132.00 and gave the company a “market perform” rating in a report on Friday, July 18th. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Saturday. Finally, DA Davidson lifted their price objective on BancFirst from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Monday, July 21st.

Insider Buying and Selling

In related news, EVP Randy Foraker sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total transaction of $506,440.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total value of $620,600.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at $744,720. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 32.43% of the stock is currently owned by insiders.

BancFirst Trading Down 0.2%

NASDAQ BANF opened at $126.63 on Monday. The stock has a market capitalization of $4.21 billion, a price-to-earnings ratio of 18.22 and a beta of 0.77. The stock’s 50 day moving average price is $125.65 and its two-hundred day moving average price is $119.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. BancFirst Corporation has a 52 week low of $95.78 and a 52 week high of $137.40.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.18. The firm had revenue of $169.30 million for the quarter, compared to analyst estimates of $163.62 million. BancFirst had a return on equity of 14.38% and a net margin of 24.05%. As a group, analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Monday, June 30th. BancFirst’s payout ratio is presently 26.47%.

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