Teachers Advisors LLC Has $1.21 Million Position in BancFirst Corporation (BANF)
Teachers Advisors LLC increased its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,466 shares of the bank’s stock after buying an additional 525 shares during the period. Teachers Advisors LLC owned 0.08% of BancFirst Corporation worth $1,211,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its position in shares of BancFirst Corporation by 115.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock valued at $109,000 after buying an additional 651 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BancFirst Corporation during the first quarter valued at $133,000. Karp Capital Management Corp bought a new position in shares of BancFirst Corporation during the first quarter valued at $211,000. Heritage Trust Co bought a new position in shares of BancFirst Corporation during the first quarter valued at $236,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of BancFirst Corporation during the first quarter valued at $403,000. Institutional investors own 16.69% of the company’s stock.
BancFirst Corporation (NASDAQ BANF) traded up 1.00% during trading on Wednesday, reaching $50.40. The company had a trading volume of 7,845 shares. BancFirst Corporation has a one year low of $33.51 and a one year high of $57.90. The company has a 50-day moving average price of $51.10 and a 200 day moving average price of $48.20. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 19.87 and a beta of 0.54.
BancFirst Corporation (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.13. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. The firm had revenue of $84.42 million during the quarter, compared to analysts’ expectations of $81.12 million. Analysts expect that BancFirst Corporation will post $2.80 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.68%. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. BancFirst Corporation’s payout ratio is presently 29.98%.
Several brokerages have recently weighed in on BANF. BidaskClub cut BancFirst Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. ValuEngine upgraded BancFirst Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
In other news, insider Darryl Schmidt sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $53.50, for a total transaction of $160,500.00. Following the completion of the transaction, the insider now directly owns 3,000 shares of the company’s stock, valued at $160,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Crawford sold 1,960 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $50.74, for a total transaction of $99,450.40. The disclosure for this sale can be found here. Insiders have sold 14,699 shares of company stock valued at $749,476 over the last three months. 44.97% of the stock is owned by corporate insiders.
BancFirst Corporation Company Profile
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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