Goldman Sachs Group Inc. Invests $1.64 Million in BancFirst Corporation (BANF) Stock
Goldman Sachs Group Inc. bought a new position in BancFirst Corporation (NASDAQ:BANF) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,927 shares of the bank’s stock, valued at approximately $1,635,000. Goldman Sachs Group Inc. owned 0.05% of BancFirst Corporation as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of BANF. Swiss National Bank boosted its stake in BancFirst Corporation by 3.6% in the 1st quarter. Swiss National Bank now owns 11,659 shares of the bank’s stock worth $1,048,000 after purchasing an additional 400 shares during the period. Karp Capital Management Corp bought a new position in BancFirst Corporation in the 1st quarter worth about $211,000. Parametric Portfolio Associates LLC boosted its stake in BancFirst Corporation by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 13,829 shares of the bank’s stock worth $1,243,000 after purchasing an additional 101 shares during the period. SG Americas Securities LLC bought a new position in BancFirst Corporation in the 1st quarter worth about $133,000. Finally, American International Group Inc. boosted its stake in BancFirst Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 4,816 shares of the bank’s stock worth $433,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 17.27% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, September 29th were paid a $0.21 dividend. This is a positive change from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. BancFirst Corporation’s dividend payout ratio is 31.82%.
Several research analysts have commented on BANF shares. ValuEngine downgraded BancFirst Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research downgraded BancFirst Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th.
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In other news, EVP Darryl Schmidt sold 2,000 shares of the company’s stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $56.10, for a total value of $112,200.00. Following the completion of the transaction, the executive vice president now owns 2,000 shares of the company’s stock, valued at $112,200. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dave R. Lopez sold 5,373 shares of the company’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $50.26, for a total value of $270,046.98. Following the completion of the transaction, the director now directly owns 4,366 shares of the company’s stock, valued at approximately $219,435.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,699 shares of company stock valued at $701,176. Corporate insiders own 44.97% of the company’s stock.
About BancFirst Corporation
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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