BancFirst Corp. (BANF) Shares Bought by Swiss National Bank
Swiss National Bank boosted its stake in shares of BancFirst Corp. (NASDAQ:BANF) by 18.5% during the second quarter, Holdings Channel reports. The firm owned 11,259 shares of the company’s stock after buying an additional 1,759 shares during the period. Swiss National Bank owned about 0.07% of BancFirst Corp. worth $679,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in the stock. Creative Planning raised its stake in shares of BancFirst Corp. by 0.7% in the second quarter. Creative Planning now owns 4,641 shares of the company’s stock valued at $280,000 after buying an additional 33 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of BancFirst Corp. during the second quarter valued at $518,000. Zebra Capital Management LLC purchased a new stake in shares of BancFirst Corp. during the first quarter valued at $543,000. Jacobs Levy Equity Management Inc. raised its stake in shares of BancFirst Corp. by 34.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 10,016 shares of the company’s stock valued at $571,000 after buying an additional 2,560 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of BancFirst Corp. during the second quarter valued at $814,000. Institutional investors and hedge funds own 29.89% of the company’s stock.
Shares of BancFirst Corp. (NASDAQ:BANF) traded down 0.6285% during midday trading on Tuesday, hitting $72.7399. The stock had a trading volume of 28,167 shares. BancFirst Corp. has a 52 week low of $51.14 and a 52 week high of $75.14. The stock has a 50 day moving average price of $69.93 and a 200-day moving average price of $63.74. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 17.6553 and a beta of 0.78.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.10 earnings per share for the quarter, beating the Zacks’ 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%. Equities research analysts anticipate that BancFirst Corp. will post $4.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.08%. This is a positive change from BancFirst Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, September 28th. BancFirst Corp.’s dividend payout ratio (DPR) is presently 36.89%.
A number of equities research analysts have recently issued reports on BANF shares. Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Monday, July 25th. Keefe, Bruyette & Woods boosted their target price on BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th.
In other BancFirst Corp. news, insider Robert M. Neville sold 5,250 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $68.00, for a total value of $357,000.00. Following the transaction, the insider now directly owns 17,832 shares in the company, valued at approximately $1,212,576. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jennifer C. Weast sold 625 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $66.40, for a total value of $41,500.00. Following the completion of the transaction, the insider now owns 625 shares in the company, valued at $41,500. The disclosure for this sale can be found here. 44.97% of the stock is owned by company insiders.
BancFirst Corp. Company Profile
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.
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