Invesco Ltd. Sells 1,463 Shares of BancFirst Corporation $BANF

Invesco Ltd. reduced its stake in BancFirst Corporation (NASDAQ:BANF) by 1.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,879 shares of the bank’s stock after selling 1,463 shares during the period. Invesco Ltd. owned 0.32% of BancFirst worth $11,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in BancFirst by 3.4% in the first quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank’s stock valued at $11,958,000 after purchasing an additional 3,594 shares in the last quarter. First Trust Advisors LP increased its stake in BancFirst by 19.2% in the fourth quarter. First Trust Advisors LP now owns 89,988 shares of the bank’s stock valued at $10,545,000 after purchasing an additional 14,480 shares in the last quarter. Rhumbline Advisers increased its stake in BancFirst by 16.1% in the first quarter. Rhumbline Advisers now owns 72,677 shares of the bank’s stock valued at $7,985,000 after purchasing an additional 10,088 shares in the last quarter. Voloridge Investment Management LLC increased its stake in BancFirst by 32.0% in the fourth quarter. Voloridge Investment Management LLC now owns 66,104 shares of the bank’s stock valued at $7,746,000 after purchasing an additional 16,010 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in BancFirst by 34,094.7% during the 1st quarter. GAMMA Investing LLC now owns 63,944 shares of the bank’s stock valued at $7,026,000 after purchasing an additional 63,757 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. DA Davidson boosted their price target on shares of BancFirst from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BancFirst from $123.00 to $132.00 and gave the company a “market perform” rating in a research note on Friday, July 18th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $134.00.

BancFirst Trading Up 5.9%

Shares of BancFirst stock opened at $132.90 on Friday. The stock has a fifty day simple moving average of $125.88 and a 200 day simple moving average of $119.85. BancFirst Corporation has a 12-month low of $97.02 and a 12-month high of $137.40. The company has a market capitalization of $4.43 billion, a P/E ratio of 19.12 and a beta of 0.76. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.18. BancFirst had a return on equity of 14.16% and a net margin of 24.94%.The business had revenue of $169.30 million during the quarter, compared to the consensus estimate of $163.62 million. On average, sell-side analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total value of $631,450.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at $757,740. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 32.43% of the stock is currently owned by corporate insiders.

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.