BancFirst Corporation $BANF Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 6.8% during the 3rd quarter, Holdings Channel reports. The firm owned 123,985 shares of the bank’s stock after acquiring an additional 7,846 shares during the quarter. JPMorgan Chase & Co.’s holdings in BancFirst were worth $15,678,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in shares of BancFirst in the second quarter worth $32,326,000. American Century Companies Inc. increased its position in shares of BancFirst by 648.6% in the 2nd quarter. American Century Companies Inc. now owns 164,160 shares of the bank’s stock valued at $20,294,000 after acquiring an additional 142,232 shares during the period. Jane Street Group LLC purchased a new position in BancFirst in the 1st quarter worth $3,646,000. Envestnet Asset Management Inc. lifted its position in BancFirst by 49.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 45,208 shares of the bank’s stock worth $5,717,000 after acquiring an additional 14,947 shares during the period. Finally, Principal Financial Group Inc. grew its stake in BancFirst by 14.5% during the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank’s stock valued at $14,333,000 after purchasing an additional 14,333 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of BancFirst in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $129.50.

BancFirst Price Performance

Shares of NASDAQ BANF opened at $113.37 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 1.03. The firm’s 50 day simple moving average is $112.34 and its 200-day simple moving average is $117.16. BancFirst Corporation has a 12 month low of $97.02 and a 12 month high of $138.77. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.92 and a beta of 0.65.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). BancFirst had a net margin of 25.05% and a return on equity of 13.68%. The firm had revenue of $181.00 million for the quarter, compared to analyst estimates of $173.76 million. Analysts expect that BancFirst Corporation will post 6.52 EPS for the current year.

About BancFirst

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.