JPMorgan Chase & Co. Has $13.60 Million Stock Position in BancFirst Co. (NASDAQ:BANF)

JPMorgan Chase & Co. increased its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 33.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,204 shares of the bank’s stock after acquiring an additional 32,636 shares during the period. JPMorgan Chase & Co. owned about 0.39% of BancFirst worth $13,599,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. bought a new position in shares of BancFirst in the third quarter valued at approximately $38,000. Blue Trust Inc. boosted its stake in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after acquiring an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of BancFirst by 64.8% during the second 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 period. Point72 DIFC Ltd bought a new stake in shares of BancFirst in the 2nd quarter valued at about $77,000. Finally, nVerses Capital LLC bought a new stake in shares of BancFirst in the 3rd quarter valued at $105,000. 51.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BANF has been the topic of several research reports. DA Davidson boosted their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods boosted their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

BancFirst Trading Down 2.9 %

Shares of NASDAQ:BANF opened at $110.88 on Friday. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The business’s 50 day simple moving average is $121.87 and its 200 day simple moving average is $109.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $3.67 billion, a P/E ratio of 17.83 and a beta of 1.06.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results 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 company had revenue of $163.67 million for the quarter, compared to analyst estimates of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, research analysts anticipate that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 1.66%. The ex-dividend date is Tuesday, December 31st. BancFirst’s payout ratio is currently 29.58%.

Insiders Place Their Bets

In other news, Director David E. Rainbolt sold 5,601 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $110.21, for a total transaction of $617,286.21. Following the transaction, the director now owns 208,723 shares in the company, valued at approximately $23,003,361.83. This represents a 2.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Main Street Banking Partners L sold 778 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total value of $85,580.00. Following the completion of the transaction, the insider now owns 4,941,772 shares in the company, valued at approximately $543,594,920. The trade was a 0.02 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,150 shares of company stock valued at $15,442,825. 33.89% of the stock is currently owned by company insiders.

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.