Benjamin F. Edwards & Company Inc. Buys 328 Shares of BancFirst Co. (NASDAQ:BANF)

Benjamin F. Edwards & Company Inc. boosted its stake in shares of BancFirst Co. (NASDAQ:BANF) by 64.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 834 shares of the bank’s stock after buying an additional 328 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in BancFirst were worth $73,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EntryPoint Capital LLC grew its position in BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after buying an additional 305 shares during the period. Transcendent Capital Group LLC bought a new position in BancFirst during the first quarter valued at about $105,000. SG Americas Securities LLC bought a new position in BancFirst during the first quarter valued at about $137,000. D.A. Davidson & CO. bought a new position in BancFirst during the fourth quarter valued at about $216,000. Finally, GHP Investment Advisors Inc. bought a new position in BancFirst during the second quarter valued at about $204,000. Institutional investors own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

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

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $104.54 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.08 and a beta of 1.03. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $111.00. The company has a 50-day moving average price of $104.23 and a two-hundred day moving average price of $93.34.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. The firm had revenue of $153.84 million for the quarter, compared to the consensus estimate of $149.75 million. Equities analysts forecast 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. Stockholders of record on Monday, September 30th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.76%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. BancFirst’s dividend payout ratio is presently 28.10%.

Insider Transactions at BancFirst

In other news, Director Dave R. Lopez sold 1,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.13, for a total value of $102,130.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director William Scott Martin sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 326,904 shares of the company’s stock, valued at $35,142,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Dave R. Lopez sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,564 shares of company stock valued at $7,150,517. 33.89% of the stock is currently owned by corporate insiders.

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.