Creative Planning Boosts Stock Position in BancFirst Co. (NASDAQ:BANF)

Creative Planning raised its holdings in BancFirst Co. (NASDAQ:BANF) by 17.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,829 shares of the bank’s stock after purchasing an additional 1,619 shares during the quarter. Creative Planning’s holdings in BancFirst were worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BANF. Benjamin F. Edwards & Company Inc. increased 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 worth $73,000 after acquiring an additional 328 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of BancFirst by 56.8% during the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after purchasing an additional 305 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of BancFirst in the 2nd quarter valued at $77,000. Transcendent Capital Group LLC bought a new stake in shares of BancFirst in the 1st quarter valued at about $105,000. Finally, Point72 Asset Management L.P. bought a new position in shares of BancFirst in the second quarter worth approximately $114,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

BancFirst Stock Down 2.0 %

Shares of BANF opened at $108.71 on Friday. BancFirst Co. has a 12-month low of $80.28 and a 12-month high of $115.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.59 billion, a PE ratio of 17.48 and a beta of 1.03. The business’s 50 day moving average is $106.32 and its 200 day moving average is $96.87.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is 29.58%.

Insiders Place Their Bets

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