Denali Advisors LLC Purchases 601 Shares of BancFirst Corporation $BANF

Denali Advisors LLC boosted its position in shares of BancFirst Corporation (NASDAQ:BANF) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,322 shares of the bank’s stock after buying an additional 601 shares during the quarter. Denali Advisors LLC’s holdings in BancFirst were worth $4,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BANF. GAMMA Investing LLC raised its holdings in BancFirst by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 582 shares of the bank’s stock worth $64,000 after purchasing an additional 395 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of BancFirst by 6.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the bank’s stock worth $1,198,000 after buying an additional 618 shares during the period. Smith Group Asset Management LLC purchased a new stake in shares of BancFirst in the 1st quarter worth about $220,000. Principal Financial Group Inc. grew its position in shares of BancFirst by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank’s stock worth $11,958,000 after buying an additional 3,594 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of BancFirst by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,206 shares of the bank’s stock worth $3,209,000 after buying an additional 349 shares during the period. 51.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BancFirst

In other news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $126.29, for a total value of $631,450.00. Following the transaction, the director owned 6,000 shares in the company, valued at $757,740. This represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 32.43% of the stock is owned by company insiders.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $113.09 on Wednesday. The firm’s 50-day moving average price is $128.14 and its 200-day moving average price is $124.08. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.77 billion, a PE ratio of 16.04 and a beta of 0.76. BancFirst Corporation has a 52-week low of $97.02 and a 52-week high of $138.77.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Friday, October 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.87 by ($0.02). The company had revenue of $175.48 million for the quarter, compared to analysts’ expectations of $174.60 million. BancFirst had a net margin of 24.94% and a return on equity of 14.19%. As a group, analysts anticipate that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $0.49 dividend. This is a boost from BancFirst’s previous quarterly dividend of $0.46. The ex-dividend date was Tuesday, September 30th. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. BancFirst’s dividend payout ratio (DPR) is currently 27.80%.

Analyst Upgrades and Downgrades

BANF has been the topic of a number of recent research reports. DA Davidson upped their target price on shares of BancFirst from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Zacks Research downgraded shares of BancFirst from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 16th. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of BancFirst in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a research report on Monday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $128.00.

About BancFirst

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.