BancFirst Co. (NASDAQ:BANF) Shares Purchased by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC raised its stake in BancFirst Co. (NASDAQ:BANF) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,529 shares of the bank’s stock after acquiring an additional 406 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in BancFirst were worth $1,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BANF. Benjamin F. Edwards & Company Inc. grew its position in BancFirst by 557.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after buying an additional 429 shares during the period. EntryPoint Capital LLC grew its stake in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after acquiring an additional 305 shares during the period. Transcendent Capital Group LLC acquired a new position in BancFirst during the first quarter worth $105,000. SG Americas Securities LLC purchased a new position in BancFirst during the first quarter valued at $137,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of BancFirst in the second quarter valued at about $204,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insiders Place Their Bets

In other BancFirst news, major shareholder Main Street Banking Partners L sold 22,114 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $105.46, for a total value of $2,332,142.44. Following the completion of the sale, the insider now directly owns 4,958,095 shares of the company’s stock, valued at approximately $522,880,698.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Main Street Banking Partners L sold 22,114 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $105.46, for a total value of $2,332,142.44. Following the completion of the sale, the insider now owns 4,958,095 shares of the company’s stock, valued at approximately $522,880,698.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dennis Jay Hannah sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.00, for a total transaction of $105,000.00. Following the sale, the executive vice president now owns 6,714 shares of the company’s stock, valued at approximately $704,970. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 67,564 shares of company stock valued at $7,150,517. Insiders own 33.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Piper Sandler upped their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

BancFirst Price Performance

BancFirst stock opened at $107.95 on Friday. The company has a fifty day simple moving average of $103.63 and a 200-day simple moving average of $92.76. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 17.64 and a beta of 1.03. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $111.00.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. The company had revenue of $153.84 million during the quarter, compared to the consensus estimate of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. On average, equities analysts anticipate that BancFirst Co. will post 6.07 EPS for the current fiscal year.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.46 per share. This is an increase from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. BancFirst’s dividend payout ratio (DPR) is presently 30.07%.

About BancFirst

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.