Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 2,020 BancFirst Corporation $BANF

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of BancFirst Corporation (NASDAQ:BANF) during the 2nd quarter, Holdings Channel reports. The fund acquired 2,020 shares of the bank’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position 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 buying an additional 170 shares during the period. Pinnacle Holdings LLC acquired a new position in shares of BancFirst during the 1st quarter valued at about $40,000. Advisors Asset Management Inc. lifted its holdings in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after acquiring an additional 291 shares during the period. GAMMA Investing LLC boosted its position in shares of BancFirst by 38.1% in the second quarter. GAMMA Investing LLC now owns 804 shares of the bank’s stock worth $99,000 after acquiring an additional 222 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of BancFirst by 2,076.1% in the second quarter. Parkside Financial Bank & Trust now owns 1,001 shares of the bank’s stock worth $124,000 after acquiring an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Price Performance

BANF stock opened at $110.43 on Friday. The firm has a market cap of $3.68 billion, a P/E ratio of 15.66 and a beta of 0.78. 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 Corporation has a 1 year low of $97.02 and a 1 year high of $138.77. The stock has a 50-day simple moving average of $118.48 and a 200-day simple moving average of $123.83.

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

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.96 annualized dividend and a yield of 1.8%. BancFirst’s payout ratio is 27.80%.

Analyst Ratings Changes

BANF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of BancFirst from $132.00 to $120.00 and set a “market perform” rating on the stock in a research note on Monday, October 20th. Zacks Research downgraded BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a report on Wednesday. Finally, Wall Street Zen downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BancFirst presently has a consensus rating of “Hold” and a consensus price target 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.