BancFirst Corporation $BANF Shares Sold by Citigroup Inc.

Citigroup Inc. reduced its position in shares of BancFirst Corporation (NASDAQ:BANF) by 35.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,253 shares of the bank’s stock after selling 9,820 shares during the period. Citigroup Inc. owned about 0.05% of BancFirst worth $2,308,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BANF. Nisa Investment Advisors LLC raised its stake in BancFirst by 548.4% in the second quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock valued at $25,000 after buying an additional 170 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in shares of BancFirst during the 3rd quarter worth about $35,000. Smartleaf Asset Management LLC boosted its position in shares of BancFirst by 55.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock worth $44,000 after acquiring an additional 121 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of 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 acquiring an additional 364 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of BancFirst by 108.6% in the 1st 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. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

BANF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. One research 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, BancFirst presently has an average rating of “Hold” and an average price target of $129.50.

BancFirst Stock Performance

NASDAQ BANF opened at $108.83 on Friday. The company has a fifty day moving average of $112.42 and a two-hundred day moving average of $116.92. The company has a market capitalization of $3.65 billion, a PE ratio of 15.29 and a beta of 0.65. 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 1.03 and a quick ratio of 1.03.

BancFirst (NASDAQ:BANF) last posted its earnings results 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 13.68% and a net margin of 25.05%.The firm had revenue of $181.00 million for the quarter, compared to analyst estimates of $173.76 million. As a group, analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.96 annualized dividend and a yield of 1.8%. BancFirst’s payout ratio is 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.