GSA Capital Partners LLP decreased its holdings in BancFirst Co. (NASDAQ:BANF – Get Rating) by 24.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,407 shares of the bank's stock after selling 1,419 shares during the quarter. GSA Capital Partners LLP's holdings in BancFirst were worth $367,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in BancFirst during the fourth quarter valued at $33,000. Point72 Hong Kong Ltd bought a new stake in BancFirst during the fourth quarter valued at $39,000. Keebeck Alpha LP bought a new stake in BancFirst during the fourth quarter valued at $222,000. Teacher Retirement System of Texas bought a new stake in BancFirst during the fourth quarter valued at $247,000. Finally, Mirabella Financial Services LLP bought a new stake in BancFirst during the fourth quarter valued at $461,000. Institutional investors own 46.45% of the company's stock.
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BancFirst Price Performance
Shares of NASDAQ BANF opened at $110.00 on Friday. The firm's 50-day moving average price is $103.11 and its 200-day moving average price is $90.30. BancFirst Co. has a 1-year low of $53.77 and a 1-year high of $118.07. The firm has a market capitalization of $3.60 billion, a P/E ratio of 23.26 and a beta of 1.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07.
BancFirst (NASDAQ:BANF – Get Rating) last posted its earnings results on Thursday, July 21st. The bank reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.25. BancFirst had a net
margin of 31.27% and a return on equity of 13.49%. Equities research analysts anticipate that BancFirst Co. will post 5.56 earnings per share for the current fiscal year.
BancFirst Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, September 29th. This is a positive change from BancFirst's previous quarterly dividend of $0.36. BancFirst's dividend payout ratio is currently 30.44%.
Insider Buying and Selling
In related news, Director Joseph Ford sold 6,952 shares of the company's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $117.00, for a total value of $813,384.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other BancFirst news, Director David E. Rainbolt sold 9,388 shares of the business's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $111.33, for a total value of $1,045,166.04. Following the transaction, the director now owns 25,000 shares of the company's stock, valued at $2,783,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph Ford sold 6,952 shares of the business's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $117.00, for a total value of $813,384.00. The disclosure for this sale can be found here. Insiders have sold 30,840 shares of company stock worth $3,406,661 in the last quarter. Insiders own 35.70% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on BANF. StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, July 25th. Piper Sandler upped their price objective on shares of BancFirst to $91.00 in a report on Monday, July 25th.
BancFirst Profile
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BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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