BancFirst Corporation $BANF Stake Lifted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its position in shares of BancFirst Corporation (NASDAQ:BANF) by 32.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,644 shares of the bank’s stock after purchasing an additional 4,824 shares during the period. Vestmark Advisory Solutions Inc. owned 0.06% of BancFirst worth $2,484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BANF. Nisa Investment Advisors LLC increased its position in shares of BancFirst by 548.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock valued at $25,000 after purchasing an additional 170 shares during the period. Cullen Frost Bankers Inc. bought a new position in BancFirst during the third quarter valued at about $35,000. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 121 shares during the period. EverSource Wealth Advisors LLC raised its position in BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after acquiring an additional 364 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in 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. 51.72% of the stock is owned by institutional investors.

BancFirst Stock Up 0.9%

NASDAQ:BANF opened at $111.56 on Wednesday. The business’s fifty day moving average price is $112.18 and its 200 day moving average price is $117.54. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 15.67 and a beta of 0.66. 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 Corporation has a 1-year low of $97.02 and a 1-year high of $138.77.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, January 22nd. The bank reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $181.00 million for the quarter, compared to analysts’ expectations of $173.76 million. BancFirst had a net margin of 25.13% and a return on equity of 13.93%. On average, sell-side analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on BANF shares. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. Keefe, Bruyette & Woods upped 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 research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, BancFirst has an average rating of “Hold” and an average price target of $129.50.

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.