Atria Investments Inc Acquires 1,636 Shares of BancFirst Co. (NASDAQ:BANF)

Atria Investments Inc increased its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 18.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,458 shares of the bank’s stock after purchasing an additional 1,636 shares during the quarter. Atria Investments Inc’s holdings in BancFirst were worth $1,101,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in BancFirst in the 3rd quarter valued at approximately $38,000. Blue Trust Inc. grew its stake in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of BancFirst by 64.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after acquiring an additional 328 shares in the last quarter. EntryPoint Capital LLC grew its stake in shares of BancFirst by 56.8% during the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after acquiring an additional 305 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of BancFirst during the 2nd quarter worth approximately $77,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Main Street Banking Partners L sold 24,421 shares of BancFirst stock in a transaction on Monday, October 28th. The shares were sold at an average price of $110.78, for a total transaction of $2,705,358.38. Following the transaction, the insider now owns 4,910,000 shares in the company, valued at approximately $543,929,800. The trade was a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William Scott Martin sold 25,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $123.00, for a total transaction of $3,075,000.00. Following the completion of the transaction, the director now owns 249,106 shares in the company, valued at approximately $30,640,038. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 157,107 shares of company stock valued at $17,847,219. 33.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

BANF has been the subject of several research reports. Piper Sandler raised 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. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson raised their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

BancFirst Trading Down 0.9 %

BANF stock opened at $121.78 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50-day simple moving average is $109.61 and its 200 day simple moving average is $99.50. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $129.00. The company has a market capitalization of $4.03 billion, a PE ratio of 19.58 and a beta of 1.02.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. As a group, sell-side analysts anticipate that BancFirst Co. will post 6.37 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. Shareholders of record on Monday, September 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is presently 29.58%.

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.