Envestnet Asset Management Inc. Has $5.72 Million Position in BancFirst Corporation $BANF

Envestnet Asset Management Inc. grew its position in BancFirst Corporation (NASDAQ:BANF) by 49.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,208 shares of the bank’s stock after purchasing an additional 14,947 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of BancFirst worth $5,717,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in BancFirst in the second quarter worth $653,000. Norges Bank bought a new position in shares of BancFirst in the second quarter valued at about $32,326,000. American Century Companies Inc. lifted its position in BancFirst by 648.6% during the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock worth $20,294,000 after buying an additional 142,232 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in BancFirst during the 2nd quarter worth about $222,000. Finally, Principal Financial Group Inc. increased its position in BancFirst by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank’s stock valued at $14,333,000 after acquiring an additional 14,333 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Price Performance

BANF opened at $116.76 on Friday. The company has a fifty day moving average price of $112.27 and a two-hundred day moving average price of $117.70. The firm has a market capitalization of $3.89 billion, a PE ratio of 16.40 and a beta of 0.66. BancFirst Corporation has a 52 week low of $97.02 and a 52 week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.02.

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

Analyst Ratings Changes

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

BancFirst Company 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.