BancFirst Co. (NASDAQ:BANF) Shares Acquired by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC grew its stake in BancFirst Co. (NASDAQ:BANF) by 3.1% during the second quarter, Holdings Channel.com reports. The fund owned 13,529 shares of the bank’s stock after acquiring an additional 406 shares during the period. Capstone Triton Financial Group LLC’s holdings in BancFirst were worth $1,186,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in BancFirst by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock worth $16,503,000 after acquiring an additional 12,457 shares in the last quarter. Norges Bank acquired a new stake in shares of BancFirst during the fourth quarter worth about $23,802,000. D.A. Davidson & CO. acquired a new stake in shares of BancFirst during the fourth quarter worth about $216,000. Quest Partners LLC acquired a new position in shares of BancFirst in the fourth quarter valued at approximately $305,000. Finally, Steward Partners Investment Advisory LLC increased its stake in BancFirst by 32.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,551 shares of the bank’s stock worth $248,000 after buying an additional 629 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Piper Sandler lifted their target price on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd.

BancFirst Stock Down 2.2 %

BANF stock opened at $107.95 on Friday. The company’s 50 day moving average price is $103.63 and its 200 day moving average price is $92.76. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 17.64 and a beta of 1.03. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $111.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. The company had revenue of $153.84 million for the quarter, compared to the consensus estimate of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. On average, equities research analysts anticipate that BancFirst Co. will post 6.07 EPS for the current fiscal year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. BancFirst’s dividend payout ratio (DPR) is currently 30.07%.

Insiders Place Their Bets

In other news, Director Dave R. Lopez sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other BancFirst news, Director Leslie Jeannine Rainbolt sold 10,371 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $105.02, for a total value of $1,089,162.42. Following the completion of the transaction, the director now owns 4,944,702 shares in the company, valued at $519,292,604.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dave R. Lopez sold 1,000 shares of BancFirst stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total value of $102,130.00. The disclosure for this sale can be found here. Insiders sold 67,564 shares of company stock valued at $7,150,517 in the last ninety days. Insiders own 33.89% of the company’s stock.

BancFirst Company 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.