State of Wyoming Makes New $551,000 Investment in BancFirst Corporation $BANF

State of Wyoming bought a new position in BancFirst Corporation (NASDAQ:BANF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,954 shares of the bank’s stock, valued at approximately $551,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Quarry LP grew its stake in BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after buying an additional 186 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of BancFirst in the fourth quarter valued at $41,000. EverSource Wealth Advisors LLC raised its stake in shares of BancFirst by 957.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after purchasing an additional 364 shares during the period. Advisors Asset Management Inc. raised its stake in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after purchasing an additional 291 shares during the period. Finally, Torren Management LLC purchased a new stake in BancFirst during the 4th quarter worth about $66,000. 51.72% of the stock is owned by institutional investors.

BancFirst Price Performance

BancFirst stock opened at $115.72 on Monday. BancFirst Corporation has a 52 week low of $101.48 and a 52 week high of $138.77. The business has a 50-day simple moving average of $114.05 and a 200 day simple moving average of $112.41. 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 cap of $3.89 billion, a price-to-earnings ratio of 15.62 and a beta of 0.61.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a return on equity of 13.44% and a net margin of 25.61%.The business had revenue of $187.49 million for the quarter, compared to analyst estimates of $178.53 million. On average, research analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. BancFirst’s payout ratio is presently 26.45%.

Analyst Ratings Changes

Several research analysts have commented on the company. Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. DA Davidson reissued a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a report on Friday, June 12th. Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Finally, Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.00.

Insider Buying and Selling at BancFirst

In related news, Director David E. Rainbolt sold 81,492 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $116.71, for a total value of $9,510,931.32. Following the sale, the director directly owned 55,551 shares of the company’s stock, valued at $6,483,357.21. This trade represents a 59.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 166,783 shares of company stock valued at $19,366,509 in the last quarter. 31.67% of the stock is currently owned by corporate insiders.

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.