BancFirst Corporation $BANF Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its position in BancFirst Corporation (NASDAQ:BANF) by 71.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,100 shares of the bank’s stock after selling 7,800 shares during the quarter. Denali Advisors LLC’s holdings in BancFirst were worth $329,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP grew its position in BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after acquiring an additional 186 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in BancFirst in the 3rd quarter valued at about $35,000. Allworth Financial LP grew its position in BancFirst by 47.5% in the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in BancFirst in the 4th quarter valued at about $40,000. Finally, Smartleaf Asset Management LLC grew its position in BancFirst by 55.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after acquiring an additional 121 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Stock Performance

Shares of BancFirst stock opened at $112.95 on Monday. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77. The company has a market cap of $3.79 billion, a PE ratio of 15.47 and a beta of 0.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day simple moving average of $110.84 and a 200-day simple moving average of $111.32.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The business had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.19 million. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.During the same period in the previous year, the company posted $1.66 earnings per share. On average, equities research analysts forecast that BancFirst Corporation will post 7.36 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 31st. BancFirst’s dividend payout ratio is 26.85%.

Wall Street Analysts Forecast Growth

BANF has been the subject of several research reports. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. DA Davidson reissued a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $124.00.

Insider Transactions at BancFirst

In related news, Director David E. Rainbolt sold 24,614 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $115.55, for a total value of $2,844,147.70. Following the completion of the transaction, the director directly owned 182,004 shares of the company’s stock, valued at $21,030,562.20. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 58,217 shares of company stock valued at $6,719,223 over the last three months. Corporate insiders own 31.67% of the company’s stock.

BancFirst Company Profile

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.