Public Sector Pension Investment Board Raises Holdings in BancFirst Corporation $BANF

Public Sector Pension Investment Board boosted its position in BancFirst Corporation (NASDAQ:BANF) by 18.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,535 shares of the bank’s stock after acquiring an additional 12,535 shares during the quarter. Public Sector Pension Investment Board’s holdings in BancFirst were worth $10,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of BancFirst by 548.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock worth $25,000 after purchasing an additional 170 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in BancFirst during the 3rd quarter worth approximately $35,000. Smartleaf Asset Management LLC raised its holdings in BancFirst by 55.0% in the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after buying an additional 121 shares during the period. EverSource Wealth Advisors LLC raised its holdings in BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after buying an additional 364 shares during the period. Finally, 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 valued at $61,000 after buying an additional 291 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Price Performance

Shares of BANF stock opened at $117.68 on Tuesday. The firm has a fifty day simple moving average of $111.91 and a 200-day simple moving average of $117.85. The company has a market capitalization of $3.92 billion, a PE ratio of 16.53 and a beta of 0.66. BancFirst Corporation has a twelve month low of $97.02 and a twelve month high of $138.77. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $181.00 million during the quarter, compared to analyst estimates of $173.76 million. BancFirst had a return on equity of 13.93% and a net margin of 25.13%. Equities research analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.49 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. BancFirst’s payout ratio is 27.53%.

Analyst Upgrades and Downgrades

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

BancFirst Company 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.