Burney Co. Buys Shares of 5,020 BancFirst Corporation $BANF

Burney Co. purchased a new position in shares of BancFirst Corporation (NASDAQ:BANF) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,020 shares of the bank’s stock, valued at approximately $635,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BANF. CWM LLC boosted its position in BancFirst by 57.9% during the 3rd quarter. CWM LLC now owns 592 shares of the bank’s stock worth $75,000 after buying an additional 217 shares during the period. Inspire Investing LLC lifted its holdings in shares of BancFirst by 14.1% during the third quarter. Inspire Investing LLC now owns 3,595 shares of the bank’s stock worth $455,000 after purchasing an additional 444 shares during the period. World Investment Advisors lifted its holdings in shares of BancFirst by 31.4% during the third quarter. World Investment Advisors now owns 3,428 shares of the bank’s stock worth $433,000 after purchasing an additional 820 shares during the period. Curated Wealth Partners LLC grew its stake in shares of BancFirst by 40.3% in the third quarter. Curated Wealth Partners LLC now owns 3,414 shares of the bank’s stock worth $432,000 after purchasing an additional 981 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in BancFirst by 17.9% in the third quarter. GAMMA Investing LLC now owns 948 shares of the bank’s stock valued at $120,000 after purchasing an additional 144 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Keefe, Bruyette & Woods cut their target price on BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. Zacks Research cut BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Finally, Wall Street Zen downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, BancFirst presently has a consensus rating of “Hold” and an average price target of $128.00.

BancFirst Stock Up 0.1%

Shares of NASDAQ:BANF opened at $109.73 on Monday. BancFirst Corporation has a 1 year low of $97.02 and a 1 year high of $138.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The business’s 50-day moving average is $110.88 and its 200-day moving average is $121.48. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 15.56 and a beta of 0.67.

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). The business had revenue of $175.48 million during the quarter, compared to analyst estimates of $174.60 million. BancFirst had a net margin of 25.13% and a return on equity of 13.97%. Equities research analysts predict that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.96 annualized dividend and a yield of 1.8%. BancFirst’s dividend payout ratio is currently 27.80%.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.