UBS Group AG Sells 6,737 Shares of BancFirst Corporation $BANF

UBS Group AG reduced its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 19.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,593 shares of the bank’s stock after selling 6,737 shares during the period. UBS Group AG owned about 0.08% of BancFirst worth $2,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BANF. Quarry LP grew its position in BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after acquiring an additional 186 shares during the last quarter. Cullen Frost Bankers Inc. bought a new position in BancFirst during the third quarter valued at approximately $35,000. Allworth Financial LP grew its position in BancFirst by 47.5% during the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in BancFirst during the fourth quarter valued at approximately $40,000. Finally, Smartleaf Asset Management LLC grew its position in BancFirst by 55.0% during the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after acquiring an additional 121 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director David E. Rainbolt sold 24,614 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $115.55, for a total value of $2,844,147.70. Following the transaction, the director owned 182,004 shares in the company, valued at approximately $21,030,562.20. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 58,217 shares of company stock valued at $6,719,223 in the last quarter. 31.67% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BANF has been the topic of a number of recent research reports. DA Davidson reiterated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research report on Monday, April 20th. Weiss Ratings upgraded shares of BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, BancFirst has a consensus rating of “Hold” and an average price target of $124.00.

BancFirst Price Performance

Shares of BancFirst stock opened at $111.31 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 15.25 and a beta of 0.60. The company’s 50 day moving average price is $110.61 and its 200-day moving average price is $111.22.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. BancFirst had a net margin of 25.50% and a return on equity of 13.62%. The firm had revenue of $179.00 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter last year, the business earned $1.66 earnings per share. Equities research analysts forecast that BancFirst Corporation will post 7.36 EPS for the current year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a $0.49 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.96 annualized dividend and a dividend yield of 1.8%. BancFirst’s dividend payout ratio (DPR) is currently 26.85%.

BancFirst Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.