Victory Capital Management Inc. Raises Holdings in BancFirst Co. (NASDAQ:BANF)

Victory Capital Management Inc. boosted its stake in shares of BancFirst Co. (NASDAQ:BANF) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,798 shares of the bank’s stock after purchasing an additional 700 shares during the quarter. Victory Capital Management Inc.’s holdings in BancFirst were worth $772,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of BancFirst in the 4th quarter valued at about $23,802,000. Edgestream Partners L.P. acquired a new stake in BancFirst during the 1st quarter worth approximately $4,274,000. BancFirst Trust & Investment Management lifted its position in BancFirst by 4.2% during the 1st 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 during the period. Charles Schwab Investment Management Inc. lifted its position in BancFirst by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock worth $16,503,000 after acquiring an additional 12,457 shares during the period. Finally, Janus Henderson Group PLC lifted its position in BancFirst by 87.5% during the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after acquiring an additional 9,936 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Stock Performance

BancFirst stock opened at $107.95 on Friday. 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 stock has a fifty day moving average of $103.63 and a two-hundred day moving average of $92.79. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 17.64 and a beta of 1.03. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $111.00.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.09. The company had revenue of $153.84 million during the quarter, compared to the consensus estimate of $149.75 million. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. On average, analysts anticipate that BancFirst Co. will post 6.07 EPS for the current fiscal year.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.46 per share. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.70%. BancFirst’s dividend payout ratio (DPR) is 30.07%.

Insider Transactions at BancFirst

In other news, major shareholder Main Street Banking Partners L sold 22,114 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the sale, the insider now owns 4,958,095 shares in the company, valued at $522,880,698.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other BancFirst news, Director Dave R. Lopez sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total value of $102,130.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Main Street Banking Partners L sold 22,114 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $105.46, for a total value of $2,332,142.44. Following the completion of the transaction, the insider now directly owns 4,958,095 shares in the company, valued at $522,880,698.70. The disclosure for this sale can be found here. Insiders have sold 67,564 shares of company stock worth $7,150,517 over the last quarter. 33.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BANF. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Piper Sandler increased their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note 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.