Vanguard Personalized Indexing Management LLC Takes Position in BancFirst Corporation $BANF

Vanguard Personalized Indexing Management LLC acquired a new stake in shares of BancFirst Corporation (NASDAQ:BANF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,797 shares of the bank’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also modified their holdings of BANF. KLP Kapitalforvaltning AS boosted its stake in BancFirst by 2.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 4,600 shares of the bank’s stock valued at $570,000 after buying an additional 100 shares in the last quarter. Hsbc Holdings PLC boosted its stake in BancFirst by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 2,419 shares of the bank’s stock valued at $265,000 after buying an additional 101 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in BancFirst by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,961 shares of the bank’s stock valued at $1,108,000 after buying an additional 122 shares in the last quarter. HighTower Advisors LLC boosted its stake in BancFirst by 5.6% in the 1st quarter. HighTower Advisors LLC now owns 3,086 shares of the bank’s stock valued at $339,000 after buying an additional 165 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in BancFirst by 38.1% in the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock valued at $99,000 after buying an additional 222 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total value of $631,450.00. Following the transaction, the director owned 6,000 shares of the company’s stock, valued at approximately $757,740. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 32.43% of the company’s stock.

BancFirst Trading Up 1.3%

Shares of BANF opened at $112.77 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 12-month low of $97.02 and a 12-month high of $138.77. The firm has a market capitalization of $3.76 billion, a PE ratio of 16.00 and a beta of 0.76. The stock’s fifty day simple moving average is $127.38 and its 200-day simple moving average is $124.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Friday, October 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). BancFirst had a net margin of 24.94% and a return on equity of 14.19%. The firm had revenue of $175.48 million for the quarter, compared to analyst estimates of $174.60 million. As a group, research analysts predict that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 1.7%. BancFirst’s payout ratio is currently 27.80%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BANF. Zacks Research lowered BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Keefe, Bruyette & Woods decreased their price target on BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Wall Street Zen lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BancFirst in a research note on Friday. Finally, DA Davidson boosted their price objective on BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $128.00.

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.