BancFirst Corporation (BANF) Shares Bought by Crawford Investment Counsel Inc.
Crawford Investment Counsel Inc. boosted its position in shares of BancFirst Corporation (NASDAQ:BANF) by 1.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 33,321 shares of the bank’s stock after buying an additional 500 shares during the period. Crawford Investment Counsel Inc. owned approximately 0.10% of BancFirst Corporation worth $3,219,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of BANF. Ameritas Investment Partners Inc. boosted its position in BancFirst Corporation by 115.4% in the first quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock worth $109,000 after buying an additional 651 shares during the period. BNP Paribas Arbitrage SA boosted its position in BancFirst Corporation by 336.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock worth $127,000 after buying an additional 1,013 shares during the period. SG Americas Securities LLC bought a new position in BancFirst Corporation during the first quarter worth about $133,000. Victory Capital Management Inc. boosted its position in BancFirst Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock worth $202,000 after buying an additional 313 shares during the period. Finally, Two Sigma Securities LLC bought a new position in BancFirst Corporation during the first quarter worth about $209,000. 16.69% of the stock is currently owned by institutional investors and hedge funds.
BancFirst Corporation (NASDAQ:BANF) opened at 50.05 on Thursday. BancFirst Corporation has a 52-week low of $33.51 and a 52-week high of $57.90. The stock’s 50 day moving average is $51.10 and its 200-day moving average is $48.20. The company has a market cap of $1.59 billion, a PE ratio of 19.73 and a beta of 0.54.
BancFirst Corporation (NASDAQ:BANF) last posted its earnings results on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.13. The business had revenue of $84.42 million for the quarter, compared to the consensus estimate of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. Equities research analysts predict that BancFirst Corporation will post $2.80 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.21 per share. This is an increase from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.68%. BancFirst Corporation’s dividend payout ratio (DPR) is 29.98%.
A number of research firms have recently issued reports on BANF. BidaskClub cut shares of BancFirst Corporation from a “hold” rating to a “sell” rating in a research 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 BancFirst Corporation news, insider Darryl Schmidt sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $53.50, for a total transaction of $160,500.00. Following the transaction, the insider now owns 3,000 shares of the company’s stock, valued at approximately $160,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Crawford sold 1,960 shares of the firm’s stock in a transaction dated 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 a total of 14,699 shares of company stock worth $749,476 in the last three months. 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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