Bessemer Group Inc. Sells 4,475 Shares of BancFirst Corporation $BANF

Bessemer Group Inc. lowered its position in BancFirst Corporation (NASDAQ:BANF) by 64.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,460 shares of the bank’s stock after selling 4,475 shares during the period. Bessemer Group Inc.’s holdings in BancFirst were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Quarry LP raised its holdings in BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the period. Allworth Financial LP increased its holdings in shares of BancFirst by 47.5% in the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock worth $37,000 after purchasing an additional 95 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in BancFirst in the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new stake in BancFirst during the fourth quarter valued at $41,000. Finally, EverSource Wealth Advisors LLC lifted 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. 51.72% of the stock is currently owned by institutional investors.

BancFirst Stock Performance

NASDAQ BANF opened at $116.58 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 15.73 and a beta of 0.59. The stock has a 50-day moving average of $112.86 and a 200 day moving average of $112.13. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $138.77.

BancFirst (NASDAQ:BANF) last released its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $187.49 million for the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a return on equity of 13.64% and a net margin of 31.96%. Sell-side analysts anticipate that BancFirst Corporation will post 7.39 EPS for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s payout ratio is currently 26.45%.

Insiders Place Their Bets

In other news, Director David E. Rainbolt sold 24,614 shares of BancFirst stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $115.55, for a total transaction of $2,844,147.70. Following the sale, the director owned 182,004 shares of the company’s stock, valued at approximately $21,030,562.20. The trade was a 11.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders have sold 39,835 shares of company stock valued at $4,595,988. Insiders own 31.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BANF. Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson restated a “neutral” rating and set a $125.00 target price on shares of BancFirst in a report on Friday, June 12th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, BancFirst 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.