Teacher Retirement System of Texas Decreases Stock Position in BancFirst Corporation $BANF

Teacher Retirement System of Texas cut its position in BancFirst Corporation (NASDAQ:BANF) by 9.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,880 shares of the bank’s stock after selling 798 shares during the quarter. Teacher Retirement System of Texas’ holdings in BancFirst were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BANF. Principal Financial Group Inc. raised its stake in BancFirst by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank’s stock valued at $11,958,000 after acquiring an additional 3,594 shares during the period. Envestnet Asset Management Inc. boosted its position in BancFirst by 1.2% during the first quarter. Envestnet Asset Management Inc. now owns 29,206 shares of the bank’s stock worth $3,209,000 after purchasing an additional 349 shares during the period. New York State Common Retirement Fund increased its stake in shares of BancFirst by 40.4% in the first quarter. New York State Common Retirement Fund now owns 15,286 shares of the bank’s stock worth $1,679,000 after purchasing an additional 4,400 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of BancFirst in the first quarter valued at approximately $6,635,000. Finally, Tectonic Advisors LLC raised its position in shares of BancFirst by 30.8% in the first quarter. Tectonic Advisors LLC now owns 14,885 shares of the bank’s stock valued at $1,635,000 after purchasing an additional 3,502 shares during the period. Institutional investors own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business’s 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 completion of the transaction, the director owned 6,000 shares of the company’s stock, valued at $757,740. The trade was a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 32.43% of the stock is currently owned by insiders.

BancFirst Trading Down 1.9%

Shares of BANF stock opened at $108.49 on Friday. The company has a market capitalization of $3.61 billion, a PE ratio of 15.39 and a beta of 0.78. BancFirst Corporation has a 52-week low of $97.02 and a 52-week high of $138.77. The business’s fifty day moving average is $123.79 and its 200 day moving average is $124.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

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

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.49 dividend. This is an increase from BancFirst’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, September 30th. BancFirst’s payout ratio is 27.80%.

Analysts Set New Price Targets

BANF has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on shares of BancFirst from $132.00 to $120.00 and set a “market perform” rating for the company in a research note on Monday, October 20th. Wall Street Zen cut BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. DA Davidson boosted their price objective on BancFirst from $120.00 to $136.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Zacks Research downgraded BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BancFirst in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, BancFirst has an average rating of “Hold” and an average target price of $128.00.

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.