BancFirst Co. (NASDAQ:BANF) Holdings Raised by Raymond James & Associates

Raymond James & Associates lifted its stake in BancFirst Co. (NASDAQ:BANF) by 4.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,076 shares of the bank’s stock after acquiring an additional 3,720 shares during the quarter. Raymond James & Associates owned approximately 0.29% of BancFirst worth $10,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in BancFirst by 64.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after purchasing an additional 328 shares during the last quarter. EntryPoint Capital LLC boosted its position in BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after purchasing an additional 305 shares during the period. Point72 DIFC Ltd acquired a new position in BancFirst during the second quarter valued at approximately $77,000. Finally, nVerses Capital LLC bought a new position in shares of BancFirst in the third quarter valued at approximately $105,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BANF has been the subject of a number of recent analyst reports. DA Davidson upped their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Piper Sandler lifted their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Finally, StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

Insider Activity

In related news, major shareholder Main Street Banking Partners L sold 24,421 shares of BancFirst stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $110.78, for a total value of $2,705,358.38. Following the completion of the sale, the insider now directly owns 4,910,000 shares in the company, valued at $543,929,800. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Main Street Banking Partners L sold 24,421 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $110.78, for a total value of $2,705,358.38. Following the sale, the insider now directly owns 4,910,000 shares in the company, valued at $543,929,800. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Dave R. Lopez sold 1,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,266 shares of company stock valued at $9,919,665. Company insiders own 33.89% of the company’s stock.

BancFirst Stock Down 0.4 %

NASDAQ BANF opened at $110.71 on Wednesday. The stock’s 50 day simple moving average is $106.14 and its 200 day simple moving average is $96.77. BancFirst Co. has a one year low of $80.27 and a one year high of $115.62. The firm has a market cap of $3.65 billion, a PE ratio of 18.09 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.66%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is presently 30.07%.

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.