Blue Trust Inc. Boosts Stake in BancFirst Co. (NASDAQ:BANF)

Blue Trust Inc. increased its position in BancFirst Co. (NASDAQ:BANF) by 33.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 391 shares of the bank’s stock after purchasing an additional 99 shares during the period. Blue Trust Inc.’s holdings in BancFirst were worth $41,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. increased its position in BancFirst by 58.8% in the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock valued at $2,125,000 after acquiring an additional 8,939 shares during the period. BNP Paribas Financial Markets increased its position in BancFirst by 85.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after purchasing an additional 5,066 shares during the period. Janus Henderson Group PLC increased its position in BancFirst by 87.5% during the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after purchasing an additional 9,936 shares during the period. Edgestream Partners L.P. acquired a new position in BancFirst during the 1st quarter worth approximately $4,274,000. Finally, Millennium Management LLC increased its position in BancFirst by 499.6% during the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after purchasing an additional 48,006 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BancFirst

In related news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $113.50, for a total value of $567,500.00. Following the sale, the director now owns 306,904 shares of the company’s stock, valued at approximately $34,833,604. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other BancFirst news, major shareholder Main Street Banking Partners L sold 24,421 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $110.78, for a total transaction of $2,705,358.38. Following the transaction, the insider now owns 4,910,000 shares of the company’s stock, valued at $543,929,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director William Scott Martin sold 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $113.50, for a total value of $567,500.00. Following the transaction, the director now directly owns 306,904 shares in the company, valued at approximately $34,833,604. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,266 shares of company stock valued at $10,487,165. 33.89% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. DA Davidson boosted their target price on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, Piper Sandler upped their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd.

BancFirst Stock Performance

BANF opened at $108.41 on Friday. The stock has a market cap of $3.58 billion, a P/E ratio of 17.43 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. The stock’s 50 day simple moving average is $106.49 and its 200 day simple moving average is $97.13. BancFirst Co. has a 1-year low of $80.80 and a 1-year high of $115.62.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.46 dividend. The ex-dividend date was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is presently 29.58%.

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.