Marshall Wace LLP Takes $356,000 Position in BancFirst Co. (NASDAQ:BANF)

Marshall Wace LLP bought a new position in shares of BancFirst Co. (NASDAQ:BANF) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,059 shares of the bank’s stock, valued at approximately $356,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. BancFirst Trust & Investment Management raised its position in shares of BancFirst by 4.2% in the 1st quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after acquiring an additional 45,629 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in BancFirst by 1.7% in 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 in the last quarter. Edgestream Partners L.P. bought a new stake in BancFirst in the first quarter worth approximately $4,274,000. Public Sector Pension Investment Board lifted its stake in BancFirst by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 31,907 shares of the bank’s stock valued at $2,798,000 after buying an additional 2,196 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of BancFirst by 58.8% during the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after buying an additional 8,939 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Trading Down 1.2 %

NASDAQ BANF opened at $103.12 on Friday. BancFirst Co. has a 52 week low of $79.99 and a 52 week high of $111.00. The business has a 50 day moving average price of $103.42 and a 200-day moving average price of $94.37. 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 company has a market cap of $3.40 billion, a price-to-earnings ratio of 16.85 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last released 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 for 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%. As a group, equities analysts expect that BancFirst Co. will post 6.07 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.78%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is 30.07%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BANF. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Piper Sandler upped their price objective on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd.

Insiders Place Their Bets

In related news, EVP Dennis Jay Hannah sold 1,000 shares of BancFirst 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 transaction, the executive vice president now owns 6,714 shares of the company’s stock, valued at $704,970. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Dennis Jay Hannah sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $105.00, for a total transaction of $105,000.00. Following the transaction, the executive vice president now directly owns 6,714 shares of the company’s stock, valued at $704,970. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $537,500.00. Following the completion of the sale, the director now directly owns 326,904 shares of the company’s stock, valued at $35,142,180. The trade was 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 valued at $7,150,517. Corporate insiders own 33.89% of the company’s stock.

BancFirst 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.