Deutsche Bank AG Takes $2.75 Million Position in BancFirst Corporation $BANF

Deutsche Bank AG acquired a new stake in shares of BancFirst Corporation (NASDAQ:BANF) in the second quarter, Holdings Channel.com reports. The fund acquired 24,750 shares of the bank’s stock, valued at approximately $2,750,000.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. raised 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BancFirst by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock worth $1,301,000 after purchasing an additional 505 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of BancFirst by 8.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock worth $5,098,000 after purchasing an additional 3,433 shares during the period. Jane Street Group LLC acquired a new stake in shares of BancFirst during the first quarter worth approximately $3,646,000. Finally, Cetera Investment Advisers acquired a new stake in shares of BancFirst during the second quarter worth approximately $207,000. 51.72% of the stock is owned by institutional investors.

BancFirst Stock Performance

NASDAQ BANF opened at $110.40 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 14.90 and a beta of 0.61. The company’s fifty day moving average is $113.99 and its two-hundred day moving average is $112.42. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a net margin of 25.61% and a return on equity of 13.44%. Equities research analysts forecast that BancFirst Corporation will post 7.67 EPS for the current year.

Insider Activity at BancFirst

In other BancFirst news, Director David E. Rainbolt sold 81,492 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the sale, the director owned 55,551 shares of the company’s stock, valued at $6,483,357.21. This represents a 59.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 166,783 shares of company stock valued at $19,366,509. 31.67% of the stock is owned by insiders.

Analyst Ratings Changes

BANF has been the topic of a number of research reports. Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. DA Davidson reissued a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a research report on Friday, June 12th. Zacks Research downgraded BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Keefe, Bruyette & Woods cut their price target on BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $123.00.

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.