BancFirst Corporation (NASDAQ:BANF) Shares Sold by Prudential Financial Inc.
Prudential Financial Inc. decreased its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 51.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,041 shares of the bank’s stock after selling 23,198 shares during the period. Prudential Financial Inc. owned 0.14% of BancFirst Corporation worth $1,982,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of BANF. Bank of Montreal Can raised its position in BancFirst Corporation by 16.8% in the first quarter. Bank of Montreal Can now owns 21,469 shares of the bank’s stock valued at $1,931,000 after buying an additional 3,090 shares during the period. Creative Planning raised its position in BancFirst Corporation by 0.7% in the first quarter. Creative Planning now owns 4,737 shares of the bank’s stock valued at $426,000 after buying an additional 31 shares during the period. Teachers Advisors LLC boosted its position in shares of BancFirst Corporation by 5.2% in the fourth quarter. Teachers Advisors LLC now owns 12,941 shares of the bank’s stock valued at $1,204,000 after buying an additional 645 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of BancFirst Corporation during the fourth quarter valued at approximately $240,000. Finally, Norges Bank purchased a new position in shares of BancFirst Corporation during the fourth quarter valued at approximately $10,330,000. Institutional investors own 16.83% of the company’s stock.
Shares of BancFirst Corporation (BANF) traded down 0.57% during trading on Monday, reaching $52.35. 20,857 shares of the company traded hands. The stock has a market cap of $1.67 billion, a P/E ratio of 20.63 and a beta of 0.54. BancFirst Corporation has a 12 month low of $32.28 and a 12 month high of $57.90. The stock’s 50 day moving average price is $50.19 and its 200-day moving average price is $47.76.
BancFirst Corporation (NASDAQ:BANF) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.13. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. The firm had revenue of $84.42 million during the quarter, compared to the consensus estimate of $81.12 million. On average, equities research analysts expect that BancFirst Corporation will post $2.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, June 28th. BancFirst Corporation’s dividend payout ratio is currently 29.98%.
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Several brokerages have commented on BANF. BidaskClub cut shares of BancFirst Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. ValuEngine raised shares of BancFirst Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
In other news, Chairman H E. Rainbolt acquired 400 shares of the stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average price of $94.84 per share, for a total transaction of $37,936.00. Following the transaction, the chairman now directly owns 453 shares of the company’s stock, valued at $42,962.52. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Darryl Schmidt sold 3,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $53.50, for a total value of $160,500.00. Following the transaction, the insider now owns 3,000 shares in the company, valued at approximately $160,500. The disclosure for this sale can be found here. Corporate insiders own 44.97% of the company’s stock.
About BancFirst Corporation
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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