Raymond James & Associates Has $10.01 Million Position in BancFirst Co. (NASDAQ:BANF)

Raymond James & Associates lifted its stake in shares of BancFirst Co. (NASDAQ:BANF) by 4.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 95,076 shares of the bank’s stock after buying an additional 3,720 shares during the quarter. Raymond James & Associates’ holdings in BancFirst were worth $10,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BancFirst Trust & Investment Management increased its position in BancFirst by 50.8% during the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after acquiring an additional 573,224 shares during the period. Edgestream Partners L.P. acquired a new position in shares of BancFirst during the 1st quarter worth approximately $4,274,000. Millennium Management LLC increased its holdings in shares of BancFirst by 499.6% during the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after purchasing an additional 48,006 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BancFirst by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock valued at $87,888,000 after buying an additional 16,664 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of BancFirst by 255.9% in the second quarter. Los Angeles Capital Management LLC now owns 15,750 shares of the bank’s stock valued at $1,381,000 after buying an additional 11,324 shares during the period. Institutional investors own 51.72% of the company’s stock.

Insider Activity at BancFirst

In related news, major shareholder Main Street Banking Partners L sold 24,421 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $110.78, for a total transaction of $2,705,358.38. Following the completion of the sale, the insider now owns 4,910,000 shares of the company’s stock, valued at $543,929,800. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other BancFirst news, Director Dave R. Lopez sold 1,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.13, for a total value of $102,130.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Main Street Banking Partners L sold 24,421 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $110.78, for a total value of $2,705,358.38. Following the completion of the sale, the insider now directly owns 4,910,000 shares of the company’s stock, valued at $543,929,800. 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 92,266 shares of company stock worth $9,919,665 over the last quarter. Company insiders own 33.89% of the company’s stock.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $110.71 on Wednesday. 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 Co. has a 52 week low of $80.27 and a 52 week high of $115.62. The firm has a market cap of $3.65 billion, a PE ratio of 18.09 and a beta of 1.03. The firm’s fifty day moving average is $106.14 and its 200-day moving average is $96.77.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.66%. BancFirst’s dividend payout ratio is 30.07%.

Wall Street Analysts Forecast Growth

BANF has been the topic of a number of recent analyst reports. DA Davidson raised their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, Piper Sandler upped their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd.

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.