BancFirst Co. (BANF) Stake Increased by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of BancFirst Co. (NASDAQ:BANF) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,317 shares of the bank’s stock after purchasing an additional 2,082 shares during the quarter. Bank of Montreal Can owned approximately 0.12% of BancFirst worth $1,912,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Granite Investment Partners LLC boosted its stake in shares of BancFirst by 3.9% during the third quarter. Granite Investment Partners LLC now owns 143,645 shares of the bank’s stock valued at $8,611,000 after purchasing an additional 5,380 shares during the period. Citadel Advisors LLC purchased a new stake in BancFirst in the third quarter worth about $212,000. BlackRock Inc. lifted its stake in BancFirst by 3.4% in the third quarter. BlackRock Inc. now owns 1,264,137 shares of the bank’s stock worth $75,786,000 after acquiring an additional 41,211 shares during the period. MetLife Investment Advisors LLC lifted its stake in BancFirst by 52.2% in the third quarter. MetLife Investment Advisors LLC now owns 12,834 shares of the bank’s stock worth $769,000 after acquiring an additional 4,401 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in BancFirst by 42.8% in the third quarter. Victory Capital Management Inc. now owns 9,768 shares of the bank’s stock worth $586,000 after acquiring an additional 2,928 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on BANF. Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, October 23rd. BidaskClub lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Finally, ValuEngine raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

NASDAQ:BANF opened at $55.36 on Tuesday. BancFirst Co. has a 1-year low of $48.07 and a 1-year high of $65.70. The stock has a market capitalization of $1.78 billion, a P/E ratio of 14.49, a price-to-earnings-growth ratio of 2.09 and a beta of 0.77. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, January 17th. The bank reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.04. BancFirst had a net margin of 27.17% and a return on equity of 14.86%. The company had revenue of $100.74 million during the quarter, compared to analyst estimates of $97.57 million. Analysts predict that BancFirst Co. will post 3.76 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were issued a $0.30 dividend. The ex-dividend date was Friday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. BancFirst’s dividend payout ratio is presently 31.41%.

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BancFirst 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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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