First Trust Advisors LP reduced its stake in shares of BancFirst Co. (NASDAQ:BANF) by 41.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,612 shares of the bank’s stock after selling 42,788 shares during the quarter. First Trust Advisors LP’s holdings in BancFirst were worth $2,975,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. increased its stake in BancFirst by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 10,164 shares of the bank’s stock worth $507,000 after acquiring an additional 396 shares during the last quarter. Crawford Investment Counsel Inc. increased its stake in BancFirst by 2.1% during the third quarter. Crawford Investment Counsel Inc. now owns 72,742 shares of the bank’s stock worth $4,361,000 after acquiring an additional 1,500 shares during the last quarter. Bank of Montreal Can increased its stake in BancFirst by 5.7% during the fourth quarter. Bank of Montreal Can now owns 38,317 shares of the bank’s stock worth $1,912,000 after acquiring an additional 2,082 shares during the last quarter. Bank of New York Mellon Corp increased its stake in BancFirst by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 153,616 shares of the bank’s stock worth $9,209,000 after acquiring an additional 2,387 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in BancFirst by 34.5% during the third quarter. WINTON GROUP Ltd now owns 10,329 shares of the bank’s stock worth $619,000 after acquiring an additional 2,652 shares during the last quarter. 33.48% of the stock is currently owned by institutional investors.
BANF has been the subject of several recent analyst reports. BidaskClub lowered BancFirst from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 13th. Zacks Investment Research lowered BancFirst from a “buy” rating to a “hold” rating in a research report on Monday, December 24th. Finally, ValuEngine lowered BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, March 6th.
Shares of NASDAQ:BANF opened at $55.10 on Friday. BancFirst Co. has a 1 year low of $48.07 and a 1 year high of $65.70. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.03.
BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.04. BancFirst had a return on equity of 14.68% and a net margin of 29.37%. The business had revenue of $100.74 million during the quarter, compared to analyst estimates of $97.57 million. Analysts anticipate that BancFirst Co. will post 3.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. BancFirst’s dividend payout ratio (DPR) is presently 31.41%.
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. 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.
Further Reading: SEC Filing
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