BancFirst Corp. (BANF) Stake Raised by JPMorgan Chase & Co.
JPMorgan Chase & Co. boosted its stake in BancFirst Corp. (NASDAQ:BANF) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,088 shares of the company’s stock after buying an additional 1,500 shares during the period. JPMorgan Chase & Co. owned 1.32% of BancFirst Corp. worth $12,431,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of BancFirst Corp. during the second quarter valued at approximately $468,000. Dean Investment Associates LLC increased its stake in shares of BancFirst Corp. by 3.1% in the second quarter. Dean Investment Associates LLC now owns 30,550 shares of the company’s stock valued at $1,843,000 after buying an additional 920 shares during the period. California Public Employees Retirement System increased its stake in shares of BancFirst Corp. by 6.3% in the second quarter. California Public Employees Retirement System now owns 11,800 shares of the company’s stock valued at $712,000 after buying an additional 700 shares during the period. Emerald Acquisition Ltd. bought a new stake in shares of BancFirst Corp. during the second quarter valued at approximately $1,775,000. Finally, Mutual of America Capital Management LLC increased its stake in shares of BancFirst Corp. by 2.6% in the second quarter. Mutual of America Capital Management LLC now owns 74,972 shares of the company’s stock valued at $4,522,000 after buying an additional 1,922 shares during the period. 29.89% of the stock is currently owned by institutional investors and hedge funds.
BancFirst Corp. (NASDAQ:BANF) traded down 1.524% during mid-day trading on Monday, hitting $71.405. 15,676 shares of the stock were exchanged. The stock has a 50 day moving average price of $68.96 and a 200 day moving average price of $63.01. BancFirst Corp. has a 1-year low of $51.14 and a 1-year high of $72.73. The company has a market capitalization of $1.11 billion, a PE ratio of 17.331 and a beta of 0.78.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, equities analysts anticipate that BancFirst Corp. will post $4.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.38 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. This is an increase from BancFirst Corp.’s previous quarterly dividend of $0.36. BancFirst Corp.’s dividend payout ratio is currently 36.89%.
BANF has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of BancFirst Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 27th. Keefe, Bruyette & Woods raised their target price on shares of BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, July 25th.
In related news, insider Jennifer C. Weast sold 625 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $66.40, for a total value of $41,500.00. Following the sale, the insider now directly owns 625 shares in the company, valued at $41,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Darryl Schmidt sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $66.10, for a total value of $330,500.00. Following the completion of the sale, the insider now owns 5,000 shares in the company, valued at $330,500. The disclosure for this sale can be found here. 44.97% of the stock is owned by insiders.
About BancFirst Corp.
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
Receive News & Ratings for BancFirst Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst Corp. and related companies with MarketBeat.com's FREE daily email newsletter.