Jane Street Group LLC Cuts Stock Holdings in BancFirst Co. (NASDAQ:BANF)

Jane Street Group LLC lessened its position in BancFirst Co. (NASDAQ:BANF) by 15.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,330 shares of the bank’s stock after selling 2,873 shares during the quarter. Jane Street Group LLC’s holdings in BancFirst were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after purchasing an additional 99 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of BancFirst by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of BancFirst by 1.9% in the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after buying an additional 112 shares in the last quarter. Victory Capital Management Inc. grew its stake in BancFirst by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock valued at $953,000 after acquiring an additional 253 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised 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 valued at $73,000 after acquiring an additional 328 shares during the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BancFirst

In other news, Director David E. Rainbolt sold 5,601 shares of BancFirst stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $110.21, for a total value of $617,286.21. Following the completion of the sale, the director now directly owns 208,723 shares of the company’s stock, valued at approximately $23,003,361.83. The trade was a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William Scott Martin sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $30,640,038. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,150 shares of company stock worth $15,442,825 over the last three months. Insiders own 33.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson boosted their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, Keefe, Bruyette & Woods lifted their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

BancFirst Stock Up 0.8 %

BANF stock opened at $121.21 on Friday. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29. The firm has a market cap of $4.02 billion, a PE ratio of 19.49 and a beta of 1.05. The firm’s 50 day moving average price is $120.51 and its 200-day moving average price is $106.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The company 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%. On average, equities research analysts anticipate that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.52%. The ex-dividend date is Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) 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.