Wedge Capital Management L L P NC Lowers Position in BancFirst Corporation (BANF)
Wedge Capital Management L L P NC reduced its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 2.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 66,831 shares of the bank’s stock after selling 1,364 shares during the period. Wedge Capital Management L L P NC’s holdings in BancFirst Corporation were worth $6,456,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of BANF. Vanguard Group Inc. boosted its position in BancFirst Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 793,238 shares of the bank’s stock valued at $71,312,000 after buying an additional 53,261 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BancFirst Corporation by 3.2% in the first quarter. Dimensional Fund Advisors LP now owns 540,554 shares of the bank’s stock valued at $48,597,000 after buying an additional 16,858 shares during the last quarter. Bank of New York Mellon Corp boosted its position in BancFirst Corporation by 71.6% in the first quarter. Bank of New York Mellon Corp now owns 133,795 shares of the bank’s stock valued at $12,029,000 after buying an additional 55,811 shares during the last quarter. Geode Capital Management LLC boosted its position in BancFirst Corporation by 9.1% in the first quarter. Geode Capital Management LLC now owns 124,408 shares of the bank’s stock valued at $11,184,000 after buying an additional 10,343 shares during the last quarter. Finally, Norges Bank purchased a new position in BancFirst Corporation during the fourth quarter valued at $10,330,000. 16.92% of the stock is currently owned by institutional investors.
BancFirst Corporation (NASDAQ:BANF) opened at 50.30 on Wednesday. The firm’s 50-day moving average is $53.71 and its 200 day moving average is $83.89. The stock has a market capitalization of $1.60 billion, a PE ratio of 19.83 and a beta of 0.54. BancFirst Corporation has a 52-week low of $32.76 and a 52-week high of $57.90.
BancFirst Corporation (NASDAQ:BANF) last posted its earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.13. The company had revenue of $84.42 million for the quarter, compared to analyst estimates of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. On average, equities analysts forecast that BancFirst Corporation will post $2.80 earnings per share for the current year.
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Several equities analysts have weighed in on BANF shares. ValuEngine upgraded shares of BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of BancFirst Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd.
In other news, Chairman H E. Rainbolt bought 400 shares of the business’s stock in a transaction on Tuesday, May 23rd. The shares were bought at an average cost of $94.84 per share, for a total transaction of $37,936.00. Following the completion of the acquisition, the chairman now owns 453 shares in the company, valued at approximately $42,962.52. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William H. Crawford sold 1,960 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $50.74, for a total transaction of $99,450.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,699 shares of company stock worth $749,476. Company insiders own 44.97% of the company’s stock.
BancFirst Corporation 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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