BancFirst Trust & Investment Management Decreases Stake in BancFirst Corporation $BANF

BancFirst Trust & Investment Management trimmed its position in BancFirst Corporation (NASDAQ:BANF) by 3.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 852,081 shares of the bank’s stock after selling 34,490 shares during the period. BancFirst accounts for 38.0% of BancFirst Trust & Investment Management’s investment portfolio, making the stock its biggest position. BancFirst Trust & Investment Management owned about 2.56% of BancFirst worth $92,076,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BANF. Quarry LP increased its holdings in shares of BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the period. Cullen Frost Bankers Inc. bought a new stake in BancFirst during the third quarter valued at $35,000. Allworth Financial LP grew its position in BancFirst by 47.5% during the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock worth $37,000 after buying an additional 95 shares in the last quarter. Smartleaf Asset Management LLC grew its position in BancFirst by 55.0% during the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock worth $44,000 after buying an additional 121 shares in the last quarter. Finally, Pinnacle Holdings LLC bought a new position in BancFirst in the 3rd quarter worth about $46,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

BancFirst Stock Up 0.8%

BANF opened at $104.20 on Friday. The business’s fifty day simple moving average is $112.15 and its 200 day simple moving average is $115.46. BancFirst Corporation has a 52 week low of $97.02 and a 52 week high of $138.77. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.49 billion, a PE ratio of 14.63 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $173.76 million. As a group, research analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.49 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a yield of 1.9%. BancFirst’s payout ratio is presently 27.53%.

Analysts Set New Price Targets

BANF has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Keefe, Bruyette & Woods boosted their price objective on BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $124.00.

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.