Jupiter Topco LLC Makes New $1.16 Million Investment in BancFirst Corporation $BANF

Jupiter Topco LLC purchased a new stake in shares of BancFirst Corporation (NASDAQ:BANF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,486 shares of the bank’s stock, valued at approximately $1,164,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP boosted its stake in BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after acquiring an additional 186 shares in the last quarter. Allworth Financial LP acquired a new position in shares of BancFirst during the second quarter worth $33,000. Pinnacle Holdings LLC purchased a new stake in shares of BancFirst during the 2nd quarter valued at $40,000. Kestra Advisory Services LLC acquired a new stake in shares of BancFirst in the 4th quarter worth $41,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of BancFirst by 957.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Stock Up 1.0%

BANF stock opened at $112.89 on Friday. The firm has a market cap of $3.79 billion, a PE ratio of 15.23 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.03. The firm’s fifty day moving average is $113.72 and its 200 day moving average is $112.14. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a net margin of 25.61% and a return on equity of 13.44%. On average, research analysts forecast that BancFirst Corporation will post 7.67 EPS for the current year.

Insider Buying and Selling at BancFirst

In other news, Director David Rainbolt sold 81,492 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the transaction, the director owned 55,551 shares in the company, valued at $6,483,357.21. This trade represents a 59.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 166,783 shares of company stock worth $19,366,509. Corporate insiders own 31.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BANF shares. Zacks Research lowered BancFirst from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. DA Davidson restated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Friday, June 12th. Keefe, Bruyette & Woods decreased their price target on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. Weiss Ratings lowered BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, BancFirst currently has an average rating of “Hold” and a consensus target price of $123.00.

About BancFirst

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.