New York State Common Retirement Fund Sells 5,900 Shares of BancFirst Corporation $BANF

New York State Common Retirement Fund lessened its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 39.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,986 shares of the bank’s stock after selling 5,900 shares during the quarter. New York State Common Retirement Fund’s holdings in BancFirst were worth $1,136,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its stake in BancFirst by 548.4% in the second quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock worth $25,000 after purchasing an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of BancFirst during the third quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its position in BancFirst by 957.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after buying an additional 364 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after acquiring an additional 291 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of BancFirst by 57.9% in the 3rd quarter. CWM LLC now owns 592 shares of the bank’s stock valued at $75,000 after purchasing an additional 217 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BANF. Wall Street Zen downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings restated a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $129.50.

BancFirst Trading Up 1.1%

Shares of NASDAQ:BANF opened at $120.39 on Tuesday. The company’s 50-day moving average price is $111.19 and its two-hundred day moving average price is $118.14. BancFirst Corporation has a one year low of $97.02 and a one 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 stock has a market capitalization of $4.01 billion, a PE ratio of 16.91 and a beta of 0.66.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The company had revenue of $181.00 million for the quarter, compared to the consensus estimate of $173.76 million. BancFirst had a return on equity of 13.93% and a net margin of 25.13%. On average, equities analysts forecast that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.6%. BancFirst’s payout ratio is presently 27.53%.

BancFirst Profile

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.