SG Americas Securities LLC Has $1.47 Million Holdings in BancFirst Co. (NASDAQ:BANF)

SG Americas Securities LLC raised its position in shares of BancFirst Co. (NASDAQ:BANF) by 91.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,991 shares of the bank’s stock after buying an additional 6,692 shares during the period. SG Americas Securities LLC’s holdings in BancFirst were worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of BANF. BancFirst Trust & Investment Management increased its holdings in BancFirst by 50.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock valued at $177,936,000 after purchasing an additional 573,224 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of BancFirst during the second quarter worth $77,000. Sanctuary Advisors LLC bought a new stake in shares of BancFirst during the second quarter worth $277,000. Point72 Asset Management L.P. acquired a new stake in shares of BancFirst in the second quarter valued at $114,000. Finally, Creative Planning raised its holdings in shares of BancFirst by 47.8% in the second quarter. Creative Planning now owns 9,210 shares of the bank’s stock valued at $808,000 after buying an additional 2,979 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

BancFirst Trading Up 0.2 %

BANF stock opened at $102.74 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $111.00. The company has a market cap of $3.39 billion, a P/E ratio of 16.79 and a beta of 1.03. The business has a fifty day moving average of $103.51 and a 200-day moving average of $94.24.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.09. The firm had revenue of $153.84 million during the quarter, compared to analysts’ expectations of $149.75 million. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. As a group, equities research analysts expect that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling at BancFirst

In other news, Director William Scott Martin sold 5,000 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total value of $537,500.00. Following the transaction, the director now owns 326,904 shares of the company’s stock, valued at $35,142,180. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total value of $537,500.00. Following the completion of the sale, the director now owns 326,904 shares in the company, valued at approximately $35,142,180. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of the firm’s stock in a transaction dated 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 owns 4,944,702 shares in the company, valued at approximately $519,292,604.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,564 shares of company stock valued at $7,150,517. 33.89% of the stock is currently owned by insiders.

BancFirst Company Profile

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.