SG Americas Securities LLC acquired a new position in shares of BancFirst Corporation (NASDAQ:BANF) during the first quarter, according to its most recent disclosure with the SEC. The firm acquired 1,484 shares of the bank’s stock, valued at approximately $133,000.
A number of other hedge funds have also recently added to or reduced their stakes in BANF. Ameritas Investment Partners Inc. boosted its stake in BancFirst Corporation by 115.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock worth $109,000 after buying an additional 651 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in BancFirst Corporation by 1.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,698 shares of the bank’s stock worth $158,000 after buying an additional 28 shares during the last quarter. Karp Capital Management Corp purchased a new stake in BancFirst Corporation during the first quarter worth about $211,000. Heritage Trust Co purchased a new stake in BancFirst Corporation during the first quarter worth about $236,000. Finally, Quadrature Capital Ltd purchased a new stake in BancFirst Corporation during the fourth quarter worth about $240,000. 16.83% of the stock is owned by hedge funds and other institutional investors.
BancFirst Corporation (NASDAQ:BANF) traded up 0.10% during trading on Tuesday, reaching $52.40. The company’s stock had a trading volume of 30,328 shares. The company’s 50 day moving average price is $50.43 and its 200 day moving average price is $47.87. The company has a market cap of $1.67 billion, a P/E ratio of 20.65 and a beta of 0.54. BancFirst Corporation has a 52 week low of $32.76 and a 52 week high of $57.90.
BancFirst Corporation (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.13. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. The company had revenue of $84.42 million during the quarter, compared to the consensus estimate of $81.12 million. On average, equities analysts anticipate that BancFirst Corporation will post $2.78 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. BancFirst Corporation’s dividend payout ratio is 29.98%.
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Several equities analysts have weighed in on the company. BidaskClub lowered BancFirst Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. ValuEngine upgraded BancFirst Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In other news, insider Darryl Schmidt sold 3,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $53.50, for a total transaction of $160,500.00. Following the completion of the transaction, the insider now directly owns 3,000 shares in the company, valued at approximately $160,500. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman H E. Rainbolt acquired 400 shares of BancFirst Corporation stock in a transaction dated Tuesday, May 23rd. The shares were acquired at an average price of $94.84 per share, with a total value of $37,936.00. Following the completion of the purchase, the chairman now owns 453 shares in the company, valued at $42,962.52. The disclosure for this purchase can be found here. Corporate insiders own 44.97% of the company’s stock.
About BancFirst Corporation
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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