Millennium Management LLC Boosts Holdings in BancFirst Co. (NASDAQ:BANF)

Millennium Management LLC grew its position in BancFirst Co. (NASDAQ:BANF) by 499.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,614 shares of the bank’s stock after acquiring an additional 48,006 shares during the quarter. Millennium Management LLC owned 0.17% of BancFirst worth $5,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BancFirst Trust & Investment Management increased its stake in 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 during the last quarter. Sei Investments Co. increased its stake in BancFirst by 58.8% in the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after acquiring an additional 8,939 shares during the last quarter. BNP Paribas Financial Markets increased its stake in BancFirst by 85.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after acquiring an additional 5,066 shares during the last quarter. Janus Henderson Group PLC increased its stake in BancFirst by 87.5% in the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after acquiring an additional 9,936 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in BancFirst in the 1st quarter worth approximately $4,274,000. Institutional investors own 51.72% of the company’s stock.

Insider Activity at BancFirst

In related news, major shareholder Main Street Banking Partners L sold 22,114 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the completion of the transaction, the insider now owns 4,958,095 shares in the company, valued at $522,880,698.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other BancFirst news, major shareholder Main Street Banking Partners L sold 22,114 shares of the company’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 in the company, valued at approximately $522,880,698.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of the company’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 completion of the sale, the director now owns 4,944,702 shares of the company’s stock, valued at $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. Insiders sold a total of 67,564 shares of company stock worth $7,150,517 in the last quarter. 33.89% of the stock is owned by company insiders.

Analyst Ratings Changes

BANF has been the topic of several analyst reports. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Piper Sandler boosted their target price on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd.

BancFirst Stock Performance

NASDAQ BANF opened at $106.59 on Friday. The company has a market cap of $3.52 billion, a P/E ratio of 17.79 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 business’s 50 day moving average price is $103.52 and its 200-day moving average price is $94.51. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $111.00.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share (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. Sell-side analysts predict that BancFirst Co. will post 6.09 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued 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 1.73%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is presently 30.72%.

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.