BancFirst Corporation $BANF Shares Bought by Callan Family Office LLC

Callan Family Office LLC lifted its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 30.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,506 shares of the bank’s stock after purchasing an additional 7,756 shares during the period. Callan Family Office LLC’s holdings in BancFirst were worth $4,237,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BANF. Dynamic Technology Lab Private Ltd acquired a new position in shares of BancFirst in the second quarter valued at approximately $653,000. Norges Bank acquired a new stake in shares of BancFirst during the second quarter worth $32,326,000. American Century Companies Inc. grew its position in BancFirst by 648.6% in the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock valued at $20,294,000 after buying an additional 142,232 shares during the last quarter. Triton Financial Group Inc purchased a new position in BancFirst in the 2nd quarter valued at $1,791,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in BancFirst in the 2nd quarter valued at $222,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

BANF has been the subject of several recent analyst reports. Wall Street Zen cut shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $129.50.

BancFirst Stock Performance

NASDAQ:BANF opened at $113.01 on Wednesday. The firm’s fifty day simple moving average is $110.64 and its 200-day simple moving average is $118.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.77 billion, a PE ratio of 15.87 and a beta of 0.66. BancFirst Corporation has a fifty-two week low of $97.02 and a fifty-two week high of $138.77.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). The company had revenue of $181.00 million during the quarter, compared to analyst estimates of $173.76 million. BancFirst had a net margin of 25.13% and a return on equity of 13.93%. Analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Wednesday, December 31st. BancFirst’s dividend payout ratio (DPR) is presently 27.53%.

About BancFirst

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.