Bank of New York Mellon Corp Sells 2,491 Shares of BancFirst Corporation $BANF

Bank of New York Mellon Corp trimmed its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 176,241 shares of the bank’s stock after selling 2,491 shares during the quarter. Bank of New York Mellon Corp’s holdings in BancFirst were worth $21,787,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC increased its stake in BancFirst by 548.4% during the second quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock worth $25,000 after acquiring an additional 170 shares during the last quarter. Pinnacle Holdings LLC bought a new position in shares of BancFirst during the 1st quarter valued at approximately $40,000. Advisors Asset Management Inc. increased its position in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after purchasing an additional 291 shares during the last quarter. GAMMA Investing LLC raised its holdings in BancFirst by 38.1% during the 2nd quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock valued at $99,000 after buying an additional 222 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in BancFirst in the first quarter worth $181,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Trading Up 0.9%

BANF opened at $111.13 on Friday. 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 stock’s fifty day moving average is $121.12 and its two-hundred day moving average is $124.28. The company has a market capitalization of $3.70 billion, a P/E ratio of 15.76 and a beta of 0.78. BancFirst Corporation has a 52 week low of $97.02 and a 52 week high of $138.77.

BancFirst (NASDAQ:BANF) last posted 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 firm had revenue of $175.48 million for the quarter, compared to the consensus estimate of $174.60 million. BancFirst had a return on equity of 14.19% and a net margin of 24.94%. Analysts forecast that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Increases Dividend

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

Analyst Upgrades and Downgrades

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

BancFirst 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.