BancFirst Corporation $BANF Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,859 shares of the bank’s stock after purchasing an additional 815 shares during the period. State of Alaska Department of Revenue’s holdings in BancFirst were worth $1,465,000 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. Hsbc Holdings PLC increased its position in BancFirst by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 2,419 shares of the bank’s stock worth $265,000 after purchasing an additional 101 shares during the period. SummerHaven Investment Management LLC increased its position in BancFirst by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank’s stock worth $971,000 after purchasing an additional 121 shares during the period. HighTower Advisors LLC grew its holdings in shares of BancFirst by 5.6% in the 1st quarter. HighTower Advisors LLC now owns 3,086 shares of the bank’s stock worth $339,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC grew its holdings in shares of BancFirst by 38.1% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock worth $99,000 after acquiring an additional 222 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of BancFirst by 1.3% in the 1st quarter. Deutsche Bank AG now owns 19,201 shares of the bank’s stock worth $2,110,000 after acquiring an additional 241 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on BANF shares. Keefe, Bruyette & Woods upped their price target on BancFirst from $123.00 to $132.00 and gave the stock 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, July 26th. Weiss Ratings restated a “buy (b-)” rating on shares of BancFirst in a report on Saturday, September 27th. DA Davidson upped their price target on BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. Finally, Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, BancFirst has an average rating of “Hold” and an average target price of $134.00.

Insider Buying and Selling at BancFirst

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

BancFirst Stock Up 1.3%

Shares of BancFirst stock opened at $126.53 on Friday. The business has a 50-day moving average of $128.79 and a 200-day moving average of $123.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $4.21 billion, a PE ratio of 18.21 and a beta of 0.76. BancFirst Corporation has a 1-year low of $97.02 and a 1-year high of $138.77.

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

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.49 per share. This is a boost from BancFirst’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 30th. BancFirst’s payout ratio is 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.