GAMMA Investing LLC Increases Stake in BancFirst Corporation $BANF

GAMMA Investing LLC boosted its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 38.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 804 shares of the bank’s stock after acquiring an additional 222 shares during the period. GAMMA Investing LLC’s holdings in BancFirst were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in BancFirst in the second quarter valued at about $226,000. Wesbanco Bank Inc. increased its holdings in shares of BancFirst by 37.0% during the second quarter. Wesbanco Bank Inc. now owns 4,260 shares of the bank’s stock valued at $527,000 after acquiring an additional 1,150 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of BancFirst by 16.1% during the first quarter. Rhumbline Advisers now owns 72,677 shares of the bank’s stock valued at $7,985,000 after acquiring an additional 10,088 shares in the last quarter. Jane Street Group LLC purchased a new stake in BancFirst during the 1st quarter worth approximately $3,646,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in BancFirst by 8.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock worth $5,098,000 after purchasing an additional 3,433 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors.

Insider Transactions at BancFirst

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. DA Davidson raised their target price on BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Keefe, Bruyette & Woods raised their target price on BancFirst from $123.00 to $132.00 and gave the stock a “market perform” rating in a research note on Friday, July 18th. Finally, Zacks Research lowered BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $134.00.

BancFirst Price Performance

BancFirst stock opened at $125.23 on Thursday. The company’s fifty day moving average price is $128.83 and its 200 day moving average price is $122.83. BancFirst Corporation has a 1 year low of $97.02 and a 1 year high of $138.77. The stock has a market capitalization of $4.17 billion, a P/E ratio of 18.02 and a beta of 0.76. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 14.16% and a net margin of 24.94%. As a group, equities research analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.6%. This is a boost from BancFirst’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, September 30th. BancFirst’s payout ratio is currently 28.20%.

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.