BancFirst Co. (NASDAQ:BANF) Shares Bought by Citigroup Inc.

Citigroup Inc. boosted its stake in shares of BancFirst Co. (NASDAQ:BANF) by 39.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,107 shares of the bank’s stock after buying an additional 10,425 shares during the period. Citigroup Inc. owned 0.11% of BancFirst worth $3,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in BancFirst by 87.5% during the first quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after buying an additional 9,936 shares during the last quarter. Blue Trust Inc. boosted its stake in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares during the last quarter. Raymond James & Associates boosted its stake in BancFirst by 4.1% during the third quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock worth $10,007,000 after buying an additional 3,720 shares during the last quarter. Intech Investment Management LLC acquired a new position in BancFirst during the third quarter worth $671,000. Finally, Principal Financial Group Inc. boosted its stake in BancFirst by 40.2% during the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after buying an additional 29,050 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Activity at BancFirst

In related news, Director David E. Rainbolt sold 1,391 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $105.01, for a total transaction of $146,068.91. Following the completion of the transaction, the director now directly owns 215,024 shares of the company’s stock, valued at $22,579,670.24. The trade was a 0.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William Scott Martin sold 25,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.00, for a total value of $3,075,000.00. Following the transaction, the director now directly owns 249,106 shares of the company’s stock, valued at $30,640,038. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 159,054 shares of company stock worth $18,507,146. 33.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. DA Davidson lifted their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

BancFirst Price Performance

NASDAQ:BANF opened at $125.98 on Wednesday. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.17 billion, a P/E ratio of 20.25 and a beta of 1.05. The stock’s fifty day moving average is $113.79 and its two-hundred day moving average is $102.19.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. The firm had revenue of $163.67 million for the quarter, compared to the consensus estimate of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. Equities analysts expect that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.46 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.46%. BancFirst’s dividend payout ratio is presently 29.58%.

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.