BancFirst Corporation $BANF Stock Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 2,761.9% in the 3rd quarter, Holdings Channel reports. The firm owned 88,262 shares of the bank’s stock after buying an additional 85,178 shares during the period. ProShare Advisors LLC’s holdings in BancFirst were worth $9,292,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in BancFirst in the second quarter worth approximately $356,054,000. Bank of New York Mellon Corp bought a new stake in BancFirst in the 2nd quarter worth approximately $17,920,000. Bank of America Corp DE purchased a new stake in BancFirst during the 2nd quarter valued at $10,992,000. Legal & General Group Plc purchased a new stake in BancFirst during the 2nd quarter valued at $5,400,000. Finally, Sei Investments Co. raised its stake in BancFirst by 21.8% during the 1st quarter. Sei Investments Co. now owns 44,699 shares of the bank’s stock valued at $4,850,000 after buying an additional 7,986 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In other news, Director David Rainbolt sold 8,506 shares of BancFirst stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $115.00, for a total transaction of $978,190.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 31.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BANF has been the topic of several research analyst reports. Wall Street Zen cut BancFirst from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods cut their price objective on BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Weiss Ratings upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Zacks Research downgraded BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.00.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $111.72 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $3.75 billion, a PE ratio of 14.84 and a beta of 0.62. The firm’s 50 day moving average price is $109.32 and its 200-day moving average price is $111.67. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $122.21.

BancFirst (NASDAQ:BANF) last announced its earnings results on Wednesday, October 21st. The bank reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.03. BancFirst had a net margin of 32.44% and a return on equity of 13.47%. The company had revenue of $187.39 million during the quarter, compared to analyst estimates of $187.68 million. Equities research analysts expect that BancFirst Corporation will post 7.74 EPS for the current year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.52 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. This is a boost from BancFirst’s previous quarterly dividend of $0.49. BancFirst’s dividend payout ratio is 27.62%.

BancFirst Profile

BancFirst Corporation is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its principal subsidiary, BancFirst, the company provides a range of banking and financial services to individuals, businesses, agricultural customers and public-sector organizations.

BancFirst’s services include checking and savings accounts, consumer and commercial loans, real estate financing, treasury management, online and mobile banking, and other deposit and lending products. The company also offers trust and wealth-management services, including investment management, fiduciary services and retirement-related solutions.

BancFirst serves customers through a statewide network of banking locations and electronic banking channels, with a focus on communities throughout Oklahoma.