SG Americas Securities LLC Cuts Stock Position in BancFirst Corporation $BANF

SG Americas Securities LLC lowered its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 96.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,054 shares of the bank’s stock after selling 28,401 shares during the period. SG Americas Securities LLC’s holdings in BancFirst were worth $133,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its position in BancFirst by 108.6% during the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after buying an additional 291 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in BancFirst by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock worth $1,301,000 after buying an additional 505 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of BancFirst by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock valued at $5,098,000 after acquiring an additional 3,433 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of BancFirst in the 1st quarter valued at approximately $3,646,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of BancFirst in the 2nd quarter worth approximately $226,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Trading Up 0.7%

BANF opened at $109.95 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.44 and a beta of 0.66. The business has a fifty day moving average price of $110.62 and a 200 day moving average price of $118.89. BancFirst Corporation has a 12 month low of $97.02 and a 12 month high of $138.77.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). BancFirst had a net margin of 25.13% and a return on equity of 13.93%. The company had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $173.76 million. Sell-side analysts expect 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 was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.8%. The ex-dividend date was Wednesday, December 31st. BancFirst’s payout ratio is 27.53%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of BancFirst in a report on Monday, December 22nd. Wall Street Zen lowered BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, Keefe, Bruyette & Woods boosted their price objective on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $129.50.

BancFirst Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.