BancFirst Co. (NASDAQ:BANF) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its position in shares of BancFirst Co. (NASDAQ:BANF) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,925 shares of the bank’s stock after selling 116 shares during the quarter. Inspire Investing LLC’s holdings in BancFirst were worth $413,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BANF. BancFirst Trust & Investment Management grew its stake in BancFirst by 50.8% in the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after acquiring an additional 573,224 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of BancFirst in the first quarter valued at $4,274,000. Millennium Management LLC increased its stake in BancFirst by 499.6% in the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after purchasing an additional 48,006 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in BancFirst by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock valued at $87,888,000 after purchasing an additional 16,664 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in BancFirst by 255.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 15,750 shares of the bank’s stock worth $1,381,000 after buying an additional 11,324 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BANF. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Piper Sandler increased their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd.

Insider Activity

In related news, major shareholder Main Street Banking Partners L sold 22,114 shares of BancFirst stock in a transaction on Monday, September 9th. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the sale, the insider now owns 4,958,095 shares of the company’s stock, valued at $522,880,698.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director William Scott Martin sold 5,000 shares of BancFirst stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $107.50, for a total value of $537,500.00. Following the completion of the sale, the director now owns 326,904 shares in the company, valued at approximately $35,142,180. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Main Street Banking Partners L sold 22,114 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the transaction, the insider now owns 4,958,095 shares in the company, valued at $522,880,698.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,564 shares of company stock worth $7,150,517 over the last 90 days. Company insiders own 33.89% of the company’s stock.

BancFirst Stock Performance

BancFirst stock opened at $112.01 on Thursday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 18.30 and a beta of 1.03. BancFirst Co. has a 12 month low of $79.99 and a 12 month high of $112.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s 50-day moving average is $104.27 and its 200-day moving average is $95.03.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.09. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. The company had revenue of $153.84 million during the quarter, compared to the consensus estimate of $149.75 million. Equities analysts anticipate that BancFirst Co. will post 6.09 earnings per share for the current year.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio (DPR) is 30.07%.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.