Maryland State Retirement & Pension System Sells 204 Shares of BancFirst Co. (NASDAQ:BANF)

Maryland State Retirement & Pension System reduced its position in shares of BancFirst Co. (NASDAQ:BANF) by 3.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,061 shares of the bank’s stock after selling 204 shares during the quarter. Maryland State Retirement & Pension System’s holdings in BancFirst were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in shares of BancFirst in the fourth quarter worth approximately $8,818,000. New York State Common Retirement Fund grew its stake in shares of BancFirst by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 9,500 shares of the bank’s stock worth $925,000 after acquiring an additional 399 shares during the period. GAMMA Investing LLC bought a new stake in shares of BancFirst in the fourth quarter worth approximately $25,000. Los Angeles Capital Management LLC bought a new stake in shares of BancFirst in the fourth quarter worth approximately $467,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of BancFirst in the fourth quarter worth approximately $283,000. 51.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis Jay Hannah sold 3,000 shares of BancFirst stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $106.50, for a total transaction of $319,500.00. Following the transaction, the executive vice president now owns 7,714 shares of the company’s stock, valued at $821,541. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Dave R. Lopez sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.13, for a total value of $102,130.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dennis Jay Hannah sold 3,000 shares of the business’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $106.50, for a total transaction of $319,500.00. Following the completion of the transaction, the executive vice president now directly owns 7,714 shares in the company, valued at approximately $821,541. The disclosure for this sale can be found here. Insiders have sold 33,660 shares of company stock valued at $3,580,196 over the last 90 days. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Stock Performance

BANF opened at $104.33 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 17.05 and a beta of 1.04. The company’s 50 day moving average is $98.98 and its 200 day moving average is $91.22. BancFirst Co. has a 12-month low of $79.99 and a 12-month high of $110.79.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, beating 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 business had revenue of $153.84 million for the quarter, compared to the consensus estimate of $149.75 million. On average, equities research analysts predict that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, September 30th. This represents a $1.84 annualized dividend and a yield of 1.76%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is currently 28.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BANF shares. Piper Sandler raised their price objective on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

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.