Dimensional Fund Advisors LP Sells 23,401 Shares of BancFirst Corporation $BANF

Dimensional Fund Advisors LP reduced its position in shares of BancFirst Corporation (NASDAQ:BANF) by 2.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 869,545 shares of the bank’s stock after selling 23,401 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BancFirst were worth $94,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC boosted its holdings in BancFirst by 1,012.1% during the fourth quarter. SG Americas Securities LLC now owns 11,722 shares of the bank’s stock valued at $1,243,000 after acquiring an additional 10,668 shares during the period. Fifth Third Bancorp boosted its stake in BancFirst by 16,173.1% during the 1st quarter. Fifth Third Bancorp now owns 12,693 shares of the bank’s stock valued at $1,377,000 after purchasing an additional 12,615 shares during the period. Norges Bank acquired a new stake in BancFirst in the 4th quarter valued at approximately $27,723,000. Verition Fund Management LLC increased its position in BancFirst by 30.8% in the 4th quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock worth $17,874,000 after buying an additional 39,672 shares during the period. Finally, Plan Group Financial LLC acquired a new position in shares of BancFirst during the fourth quarter worth approximately $768,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Price Performance

Shares of BancFirst stock opened at $113.47 on Thursday. The firm has a market cap of $3.81 billion, a P/E ratio of 15.31 and a beta of 0.59. The firm’s 50-day simple moving average is $113.22 and its 200-day simple moving average is $112.24. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Friday, July 24th. The bank reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. As a group, research analysts expect that BancFirst Corporation will post 7.67 EPS for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s dividend payout ratio is 26.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BANF shares. DA Davidson reaffirmed a “neutral” rating and set a $125.00 target price on shares of BancFirst in a research report on Friday, June 12th. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BancFirst has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Insider Transactions at BancFirst

In other BancFirst news, Director David E. Rainbolt sold 81,492 shares of BancFirst stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the completion of the transaction, the director directly owned 55,551 shares of the company’s stock, valued at approximately $6,483,357.21. This trade represents a 59.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 139,170 shares of company stock worth $16,190,275 in the last three months. Corporate insiders own 31.67% of the company’s stock.

BancFirst News Summary

Here are the key news stories impacting BancFirst this week:

• Positive Sentiment: Zacks upgraded BancFirst from “hold” to “strong-buy,” potentially supporting investor sentiment and signaling confidence in the bank’s outlook. Zacks.com
• Positive Sentiment: BancFirst recently reported quarterly EPS of $1.96, exceeding the $1.80 consensus estimate, while revenue of $187.49 million also topped expectations. The bank posted a 13.64% return on equity and a 31.96% net margin, reinforcing its profitability profile.
• Positive Sentiment: The company maintains a quarterly dividend of $0.49 per share, equivalent to $1.96 annually and a yield of approximately 1.7%. Institutional ownership remains substantial at 51.72%, with several funds increasing their positions.
• Neutral Sentiment: Analyst sentiment remains mixed. The consensus rating is “Hold,” with an average price target of $124, while recent rating changes have ranged from “sell” to “hold” and “buy” to “hold.”
• Negative Sentiment: Director David E. Rainbolt sold a combined 123,950 shares between July 27 and July 29 for approximately $14.4 million. The transactions reduced his direct ownership by more than 80% across the reported filings, a notable insider-selling signal that may weigh on the stock despite the absence of a stated reason for the sales. BancFirst insider trading report

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.