BancFirst Co. (NASDAQ:BANF) Holdings Raised by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of BancFirst Co. (NASDAQ:BANF) by 16.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,836 shares of the bank’s stock after purchasing an additional 392 shares during the quarter. Hsbc Holdings PLC’s holdings in BancFirst were worth $249,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BancFirst Trust & Investment Management raised its holdings in shares of BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after purchasing an additional 45,629 shares during the period. Sei Investments Co. raised its stake in BancFirst by 58.8% during the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after acquiring an additional 8,939 shares during the period. BNP Paribas Financial Markets lifted its holdings in BancFirst by 85.7% in the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after acquiring an additional 5,066 shares during the last quarter. Janus Henderson Group PLC boosted its stake in BancFirst by 87.5% in the first quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock valued at $1,874,000 after acquiring an additional 9,936 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of BancFirst during the first quarter valued at approximately $4,274,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Price Performance

NASDAQ BANF opened at $103.06 on Friday. The company has a 50-day moving average price of $103.87 and a two-hundred day moving average price of $93.77. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 16.68 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 52 week low of $79.99 and a 52 week high of $111.00.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data 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. The business had revenue of $153.84 million during the quarter, compared to analyst estimates of $149.75 million. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. Analysts forecast that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

The firm 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 dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is 30.07%.

Insider Activity at BancFirst

In other BancFirst news, EVP Dennis Jay Hannah sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.00, for a total transaction of $105,000.00. Following the transaction, the executive vice president now owns 6,714 shares of the company’s stock, valued at approximately $704,970. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, major shareholder Main Street Banking Partners L sold 22,114 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $105.46, for a total value of $2,332,142.44. Following the sale, the insider now owns 4,958,095 shares of the company’s stock, valued at approximately $522,880,698.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dennis Jay Hannah sold 1,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $105.00, for a total value of $105,000.00. Following the completion of the sale, the executive vice president now owns 6,714 shares of the company’s stock, valued at approximately $704,970. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,564 shares of company stock worth $7,150,517 over the last ninety days. 33.89% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BANF shares. Piper Sandler raised their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

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.