State of Alaska Department of Revenue raised its holdings in BancFirst Co. (NASDAQ:BANF – Get Rating) by 9.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,353 shares of the bank's stock after acquiring an additional 1,195 shares during the period. State of Alaska Department of Revenue's holdings in BancFirst were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Tennessee Treasury Department lifted its holdings in shares of BancFirst by 264.9% in the first quarter. State of Tennessee Treasury Department now owns 21,936 shares of the bank's stock valued at $1,826,000 after purchasing an additional 15,924 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of BancFirst by 0.8% in the fourth quarter. Public Sector Pension Investment Board now owns 38,480 shares of the bank's stock valued at $2,715,000 after purchasing an additional 300 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BancFirst by 1.9% in the fourth quarter. JPMorgan Chase & Co. now owns 115,555 shares of the bank's stock valued at $8,154,000 after purchasing an additional 2,167 shares in the last quarter. Swiss National Bank raised its holdings in BancFirst by 7.1% during the first quarter. Swiss National Bank now owns 42,418 shares of the bank's stock worth $3,530,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Denali Advisors LLC raised its holdings in BancFirst by 42.7% during the first quarter. Denali Advisors LLC now owns 36,400 shares of the bank's stock worth $3,029,000 after acquiring an additional 10,900 shares in the last quarter. 47.84% of the stock is owned by institutional investors and hedge funds.
Get BancFirst alerts:Insider Activity
In other BancFirst news, Director Joseph Ford sold 6,952 shares of BancFirst 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other BancFirst news, Director Joseph Ford sold 6,952 shares of the business's stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $117.00, for a total transaction of $813,384.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Noel Roberson sold 5,000 shares of the business's stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $106.67, for a total value of $533,350.00. Following the transaction, the director now directly owns 14,000 shares of the company's stock, valued at approximately $1,493,380. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,840 shares of company stock valued at $3,215,961. 35.70% of the stock is owned by insiders.
BancFirst Price Performance
NASDAQ:BANF opened at $92.35 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.07. The stock's 50 day moving average price is $105.23 and its two-hundred day moving average price is $93.78. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.52 and a beta of 1.06. BancFirst Co. has a 12-month low of $59.22 and a 12-month high of $118.07.BancFirst (NASDAQ:BANF – Get Rating) last posted its earnings results on Thursday, July 21st. The bank reported $1.34 EPS for the quarter, beating the consensus estimate of $1.09 by $0.25. BancFirst had a return on equity of 13.49% and a net margin of 31.27%. On average, analysts anticipate that BancFirst Co. will post 5.6 earnings per share for the current year.
BancFirst Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.40 dividend. This is an increase from BancFirst's previous quarterly dividend of $0.36. The ex-dividend date is Thursday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 1.73%. BancFirst's dividend payout ratio is presently 30.44%.
Wall Street Analysts Forecast Growth
BANF has been the topic of several analyst reports. StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Monday, July 25th. Piper Sandler upped their price objective on BancFirst to $91.00 in a research note on Monday, July 25th.
About BancFirst
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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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