Balyasny Asset Management L.P. Makes New Investment in BancFirst Co. (NASDAQ:BANF)

Balyasny Asset Management L.P. bought a new position in BancFirst Co. (NASDAQ:BANF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,196 shares of the bank’s stock, valued at approximately $3,538,000. Balyasny Asset Management L.P. owned approximately 0.09% of BancFirst as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of BancFirst by 94.6% during the third quarter. Barclays PLC now owns 56,136 shares of the bank’s stock worth $5,908,000 after acquiring an additional 27,295 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of BancFirst by 40.2% during the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after acquiring an additional 29,050 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of BancFirst by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock worth $13,599,000 after acquiring an additional 32,636 shares during the last quarter. Ameritas Advisory Services LLC grew its stake in shares of BancFirst by 110.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,020 shares of the bank’s stock worth $588,000 after acquiring an additional 2,630 shares during the last quarter. Finally, Liberty One Investment Management LLC purchased a new stake in shares of BancFirst during the fourth quarter worth about $660,000. 51.72% of the stock is currently owned by institutional investors.

BancFirst Price Performance

Shares of NASDAQ BANF opened at $123.14 on Monday. The business’s 50 day moving average price is $111.73 and its 200 day moving average price is $117.05. The firm has a market cap of $4.09 billion, a P/E ratio of 19.12 and a beta of 0.78. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The business had revenue of $164.84 million for the quarter, compared to analyst estimates of $161.72 million. On average, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 1.49%. BancFirst’s dividend payout ratio is presently 27.84%.

Insiders Place Their Bets

In other BancFirst news, EVP Darryl Schmidt sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the sale, the executive vice president now owns 43,564 shares in the company, valued at approximately $5,317,421.84. This represents a 10.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. This represents a 4.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 32.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd.

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.