State of Wyoming Buys New Shares in BancFirst Corporation $BANF

State of Wyoming purchased a new stake in shares of BancFirst Corporation (NASDAQ:BANF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,954 shares of the bank’s stock, valued at approximately $551,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its holdings in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after buying an additional 291 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BancFirst by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock worth $1,301,000 after buying an additional 505 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in BancFirst by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock worth $5,098,000 after buying an additional 3,433 shares in the last quarter. Jane Street Group LLC bought a new position in BancFirst during the first quarter valued at approximately $3,646,000. Finally, Cetera Investment Advisers bought a new position in BancFirst during the second quarter valued at approximately $207,000. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling

In other news, Director David E. Rainbolt sold 8,506 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total value of $978,190.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 166,783 shares of company stock worth $19,366,509 over the last 90 days. Insiders own 31.67% of the company’s stock.

BancFirst Price Performance

BANF stock opened at $115.72 on Monday. BancFirst Corporation has a 1 year low of $101.48 and a 1 year high of $138.77. The company has a market cap of $3.89 billion, a P/E ratio of 15.62 and a beta of 0.61. The firm has a 50-day moving average of $114.05 and a 200 day moving average of $112.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. BancFirst had a return on equity of 13.44% and a net margin of 25.61%. On average, sell-side analysts forecast that BancFirst Corporation will post 7.67 EPS for the current year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is 26.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods reduced their target price on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Finally, DA Davidson reiterated a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

About BancFirst

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.