BancFirst Co. (NASDAQ:BANF) Shares Sold by Covestor Ltd

Covestor Ltd lessened its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 20.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 682 shares of the bank’s stock after selling 174 shares during the quarter. Covestor Ltd’s holdings in BancFirst were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in BANF. BancFirst Trust & Investment Management raised its position in shares of BancFirst by 50.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after buying an additional 573,224 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BancFirst during the third quarter worth approximately $112,370,000. Edgestream Partners L.P. purchased a new position in shares of BancFirst during the 1st quarter valued at $4,274,000. Millennium Management LLC grew 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 in the last quarter. Finally, Principal Financial Group Inc. raised its position in BancFirst by 40.2% during the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after acquiring an additional 29,050 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling

In other BancFirst news, Director William Scott Martin sold 10,298 shares of BancFirst stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total value of $1,297,650.98. Following the sale, the director now owns 281,606 shares of the company’s stock, valued at $35,485,172.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Dennis Jay Hannah sold 10,543 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the sale, the executive vice president now owns 1,564 shares in the company, valued at approximately $197,971.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Scott Martin sold 10,298 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total value of $1,297,650.98. Following the sale, the director now owns 281,606 shares in the company, valued at approximately $35,485,172.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 133,107 shares of company stock valued at $14,874,349. 33.89% of the stock is owned by corporate insiders.

Analyst Ratings Changes

BANF has been the subject of several recent analyst reports. Piper Sandler upped their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, DA Davidson boosted their target price on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

BancFirst Stock Performance

BancFirst stock opened at $122.57 on Thursday. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $129.00. The company has a market cap of $4.06 billion, a PE ratio of 19.71 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average is $108.79 and its two-hundred day moving average is $99.03.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The firm had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. Equities analysts anticipate that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.46 dividend. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s dividend payout ratio is 29.58%.

BancFirst Profile

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.