8,866 Shares in BancFirst Corporation $BANF Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in shares of BancFirst Corporation (NASDAQ:BANF) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,866 shares of the bank’s stock, valued at approximately $985,000.

Other institutional investors also recently bought and sold shares of the company. Callan Family Office LLC acquired a new position in BancFirst in the 2nd quarter worth about $3,671,000. Allworth Financial LP purchased a new position in BancFirst in the 2nd quarter valued at $33,000. Denali Advisors LLC lifted its stake in shares of BancFirst by 61.3% in the second quarter. Denali Advisors LLC now owns 5,000 shares of the bank’s stock worth $556,000 after buying an additional 1,900 shares in the last quarter. NewEdge Wealth LLC purchased a new position in BancFirst in the 2nd quarter worth approximately $1,866,000. Finally, BlackRock Inc. purchased a new position in BancFirst during the second quarter worth approximately $356,054,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

BancFirst Stock Up 0.6%

Shares of NASDAQ BANF opened at $111.80 on Thursday. The firm’s 50-day moving average is $114.01 and its two-hundred day moving average is $112.48. The company has a market capitalization of $3.76 billion, a PE ratio of 15.09 and a beta of 0.61. BancFirst Corporation has a 12-month low of $101.48 and a 12-month high of $138.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $187.49 million for the quarter, compared to analyst estimates of $178.53 million. Equities analysts anticipate that BancFirst Corporation will post 7.67 EPS for the current fiscal year.

Insider Buying and Selling at BancFirst

In other news, Director David E. Rainbolt sold 81,492 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was 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 in the company, valued at $6,483,357.21. This 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 is available through the SEC website. Insiders sold 166,783 shares of company stock valued at $19,366,509 over the last ninety days. Insiders own 31.67% of the company’s stock.

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.