BancFirst Corporation $BANF Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 4.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,419 shares of the bank’s stock after purchasing an additional 101 shares during the period. Hsbc Holdings PLC’s holdings in BancFirst were worth $265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pinnacle Holdings LLC acquired a new position in BancFirst during the 1st quarter worth approximately $40,000. Vestmark Advisory Solutions Inc. increased its position in BancFirst by 92.9% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 31,890 shares of the bank’s stock worth $3,504,000 after purchasing an additional 15,354 shares during the period. Russell Investments Group Ltd. increased its position in BancFirst by 14.1% during the 1st quarter. Russell Investments Group Ltd. now owns 2,861 shares of the bank’s stock worth $314,000 after purchasing an additional 353 shares during the period. HighTower Advisors LLC increased its position in BancFirst by 5.6% during the 1st quarter. HighTower Advisors LLC now owns 3,086 shares of the bank’s stock worth $339,000 after purchasing an additional 165 shares during the period. Finally, Public Sector Pension Investment Board increased its position in BancFirst by 27.7% during the 1st quarter. Public Sector Pension Investment Board now owns 63,235 shares of the bank’s stock worth $6,948,000 after purchasing an additional 13,704 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In related 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 sale, the director owned 6,000 shares of the company’s stock, valued at approximately $757,740. This represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 32.43% of the company’s stock.

BancFirst Price Performance

BANF stock opened at $136.48 on Friday. BancFirst Corporation has a 1 year low of $97.02 and a 1 year high of $137.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average price is $128.15 and its 200 day moving average price is $120.66. The firm has a market cap of $4.55 billion, a P/E ratio of 19.64 and a beta of 0.79.

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

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.46. BancFirst’s dividend payout ratio is currently 26.47%.

Analyst Ratings Changes

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

BancFirst 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.