BancFirst Co. (NASDAQ:BANF) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its position in BancFirst Co. (NASDAQ:BANF) by 39.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,107 shares of the bank’s stock after purchasing an additional 10,425 shares during the quarter. Citigroup Inc.’s holdings in BancFirst were worth $3,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BANF. Whittier Trust Co. of Nevada Inc. purchased a new stake in BancFirst during the 3rd quarter valued at approximately $38,000. Blue Trust Inc. increased its stake 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. Benjamin F. Edwards & Company Inc. increased its stake 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 purchasing an additional 328 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in BancFirst during the 2nd quarter valued at $77,000. Finally, nVerses Capital LLC acquired a new stake in BancFirst during the 3rd quarter valued at $105,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BancFirst

In other news, Director David E. Rainbolt sold 1,391 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $105.01, for a total transaction of $146,068.91. Following the completion of the transaction, the director now directly owns 215,024 shares in the company, valued at approximately $22,579,670.24. The trade was a 0.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dennis Jay Hannah sold 10,543 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total value of $1,334,532.94. Following the transaction, the executive vice president now owns 1,564 shares of the company’s stock, valued at approximately $197,971.12. This represents a 87.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 159,054 shares of company stock worth $18,507,146. Company insiders own 33.89% of the company’s stock.

Wall Street Analyst Weigh In

BANF has been the topic of several analyst reports. DA Davidson raised their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

BancFirst Stock Down 1.2 %

Shares of NASDAQ BANF opened at $125.98 on Wednesday. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 20.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $113.79 and its 200-day simple moving average is $102.19.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million during 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%. As a group, equities analysts anticipate that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.46%. BancFirst’s dividend payout ratio is presently 29.58%.

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.