Algert Global LLC Purchases 3,387 Shares of BancFirst Co. (NASDAQ:BANF)

Algert Global LLC increased its stake in shares of BancFirst Co. (NASDAQ:BANF) by 42.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,445 shares of the bank’s stock after purchasing an additional 3,387 shares during the quarter. Algert Global LLC’s holdings in BancFirst were worth $1,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BancFirst Trust & Investment Management raised its holdings in BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after acquiring an additional 45,629 shares in the last quarter. Sei Investments Co. increased its stake in BancFirst by 58.8% in the first 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 last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BancFirst by 85.7% in the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after acquiring an additional 5,066 shares during the last quarter. Janus Henderson Group PLC boosted its position in BancFirst by 87.5% in the first quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock valued at $1,874,000 after buying an additional 9,936 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in shares of BancFirst during the first quarter valued at about $4,274,000. 51.72% of the stock is owned by institutional investors.

Insider Buying and Selling at BancFirst

In other news, EVP Dennis Jay Hannah sold 3,000 shares of BancFirst stock in a transaction on Friday, July 19th. The shares were sold at an average price of $106.50, for a total value of $319,500.00. Following the completion of the sale, the executive vice president now owns 7,714 shares in the company, valued at $821,541. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total transaction of $537,500.00. Following the transaction, the director now directly owns 326,904 shares of the company’s stock, valued at approximately $35,142,180. 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 the SEC website. Also, EVP Dennis Jay Hannah sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $106.50, for a total value of $319,500.00. Following the completion of the sale, the executive vice president now directly owns 7,714 shares of the company’s stock, valued at $821,541. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,564 shares of company stock valued at $7,150,517. 33.89% of the stock is currently owned by company insiders.

BancFirst Trading Up 2.2 %

NASDAQ:BANF opened at $103.06 on Friday. BancFirst Co. has a 52 week low of $79.99 and a 52 week high of $111.00. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $103.87 and its 200-day moving average is $93.77. The firm has a market cap of $3.40 billion, a P/E ratio of 16.84 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. The business had revenue of $153.84 million for the quarter, compared to analysts’ expectations of $149.75 million. Equities analysts expect that BancFirst Co. will post 6.07 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.46 dividend. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, September 30th. BancFirst’s payout ratio is presently 30.07%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BANF shares. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Piper Sandler lifted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd.

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.