Thrivent Financial for Lutherans Has $1.06 Million Position in BancFirst Co. (NASDAQ:BANF)

Thrivent Financial for Lutherans lowered its stake in shares of BancFirst Co. (NASDAQ:BANF) by 4.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,050 shares of the bank’s stock after selling 521 shares during the quarter. Thrivent Financial for Lutherans’ holdings in BancFirst were worth $1,057,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BancFirst Trust & Investment Management grew its position in BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after buying an additional 45,629 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in BancFirst by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock worth $87,888,000 after purchasing an additional 16,664 shares during the last quarter. Edgestream Partners L.P. bought a new stake in BancFirst during the first quarter worth $4,274,000. Sei Investments Co. lifted its stake in BancFirst by 58.8% during the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after purchasing an additional 8,939 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in BancFirst by 2.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,065 shares of the bank’s stock worth $2,027,000 after purchasing an additional 585 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Stock Up 2.2 %

Shares of BANF opened at $103.06 on Friday. BancFirst Co. has a 52 week low of $79.99 and a 52 week high of $111.00. The stock has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a fifty day moving average of $103.72 and a 200-day moving average of $93.90.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. The company had revenue of $153.84 million during the quarter, compared to analysts’ expectations of $149.75 million. As a group, sell-side analysts anticipate that BancFirst Co. will post 6.07 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. BancFirst’s dividend payout ratio is presently 30.07%.

Insider Activity

In related news, EVP Dennis Jay Hannah sold 3,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $106.50, for a total transaction of $319,500.00. Following the completion of the transaction, the executive vice president now directly owns 7,714 shares of the company’s stock, valued at $821,541. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Dennis Jay Hannah sold 3,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was sold at an average price of $106.50, for a total transaction of $319,500.00. Following the completion of the transaction, the executive vice president now directly owns 7,714 shares of the company’s stock, valued at $821,541. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $105.02, for a total value of $1,089,162.42. Following the transaction, the director now directly owns 4,944,702 shares of the company’s stock, valued at approximately $519,292,604.04. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,564 shares of company stock worth $7,150,517. Insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.