Denali Advisors LLC Decreases Position in BancFirst Corporation $BANF

Denali Advisors LLC decreased its position in shares of BancFirst Corporation (NASDAQ:BANF) by 72.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,900 shares of the bank’s stock after selling 28,422 shares during the quarter. Denali Advisors LLC’s holdings in BancFirst were worth $1,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BANF. JPMorgan Chase & Co. boosted its stake in BancFirst by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 123,985 shares of the bank’s stock valued at $15,678,000 after purchasing an additional 7,846 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of BancFirst during the third quarter valued at $635,000. Public Sector Pension Investment Board boosted its position in shares of BancFirst by 18.4% during the third quarter. Public Sector Pension Investment Board now owns 80,535 shares of the bank’s stock valued at $10,184,000 after buying an additional 12,535 shares during the last quarter. Atria Investments Inc increased its holdings in BancFirst by 16.1% in the 3rd quarter. Atria Investments Inc now owns 16,773 shares of the bank’s stock worth $2,121,000 after buying an additional 2,324 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in BancFirst by 55.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock worth $44,000 after buying an additional 121 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BANF. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. Wall Street Zen downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, Keefe, Bruyette & Woods increased their price target on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. One 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, the company has a consensus rating of “Hold” and a consensus target price of $129.50.

BancFirst Stock Up 1.5%

BANF opened at $117.68 on Tuesday. The firm’s 50 day simple moving average is $111.91 and its two-hundred day simple moving average is $117.85. The company has a market capitalization of $3.92 billion, a PE ratio of 16.53 and a beta of 0.66. BancFirst Corporation has a 1-year low of $97.02 and a 1-year high of $138.77. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $173.76 million. As a group, equities analysts forecast that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.49 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. BancFirst’s dividend payout ratio (DPR) is 27.53%.

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.