Sanctuary Advisors LLC Invests $277,000 in BancFirst Co. (NASDAQ:BANF)

Sanctuary Advisors LLC bought a new position in shares of BancFirst Co. (NASDAQ:BANF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,104 shares of the bank’s stock, valued at approximately $277,000.

Several other large investors also recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. lifted its stake in shares of BancFirst by 557.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after acquiring an additional 429 shares during the period. EntryPoint Capital LLC lifted its stake in BancFirst by 56.8% in the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after buying an additional 305 shares during the period. Point72 DIFC Ltd acquired a new position in BancFirst in the second quarter valued at about $77,000. Transcendent Capital Group LLC acquired a new position in BancFirst in the first quarter valued at about $105,000. Finally, Point72 Asset Management L.P. acquired a new position in BancFirst in the second quarter valued at about $114,000. Institutional investors own 51.72% of the company’s stock.

Insider Activity

In other news, major shareholder Main Street Banking Partners L sold 22,114 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $105.46, for a total value of $2,332,142.44. Following the completion of the sale, the insider now directly owns 4,958,095 shares of the company’s stock, valued at $522,880,698.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, major shareholder Main Street Banking Partners L sold 22,114 shares of BancFirst stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 4,958,095 shares of the company’s stock, valued at approximately $522,880,698.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Scott Martin sold 5,000 shares of BancFirst stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $107.50, for a total value of $537,500.00. Following the completion of the transaction, the director now directly owns 326,904 shares of the company’s stock, valued at $35,142,180. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 64,564 shares of company stock valued at $6,831,017 over the last three months. Insiders own 33.89% of the company’s stock.

BancFirst Stock Down 1.4 %

NASDAQ:BANF opened at $113.98 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 company has a market cap of $3.76 billion, a PE ratio of 18.62 and a beta of 1.03. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $115.62. The stock has a 50-day simple moving average of $104.88 and a 200 day simple moving average of $95.44.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data 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 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, sell-side analysts expect that BancFirst Co. will post 6.09 EPS for the current fiscal year.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is presently 30.07%.

Wall Street Analyst Weigh In

BANF has been the topic of several analyst reports. Piper Sandler increased their target price on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

About BancFirst

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.