National Bank of Canada FI Sells 112 Shares of BancFirst Co. (NASDAQ:BANF)

National Bank of Canada FI lowered its stake in shares of BancFirst Co. (NASDAQ:BANF) by 6.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,520 shares of the bank’s stock after selling 112 shares during the quarter. National Bank of Canada FI’s holdings in BancFirst were worth $131,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of BANF. Charles Schwab Investment Management Inc. grew its holdings in BancFirst by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock valued at $16,503,000 after purchasing an additional 12,457 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BancFirst by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock valued at $93,748,000 after buying an additional 9,751 shares during the last quarter. Norges Bank purchased a new stake in shares of BancFirst in the fourth quarter worth approximately $23,802,000. D.A. Davidson & CO. bought a new stake in shares of BancFirst during the 4th quarter worth approximately $216,000. Finally, Quest Partners LLC purchased a new position in BancFirst during the 4th quarter valued at $305,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Stock Up 1.0 %

Shares of NASDAQ:BANF opened at $104.72 on Friday. The business’s 50 day moving average is $101.72 and its 200 day moving average is $92.08. The stock has a market cap of $3.45 billion, a P/E ratio of 17.11 and a beta of 1.03. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $110.79. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.09. The business had revenue of $153.84 million for 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%. Sell-side analysts predict that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.46 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.76%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is currently 30.07%.

Insider Transactions at BancFirst

In related news, Director Dave R. Lopez sold 1,000 shares of BancFirst stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director David E. Rainbolt sold 1,391 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $105.01, for a total transaction of $146,068.91. Following the completion of the sale, the director now owns 215,024 shares of the company’s stock, valued at $22,579,670.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Dave R. Lopez sold 1,000 shares of BancFirst stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,564 shares of company stock valued at $7,150,517. Company insiders own 33.89% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on BANF shares. 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. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

BancFirst 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.