SG Americas Securities LLC Has $5.42 Million Position in BancFirst Co. (NASDAQ:BANF)

SG Americas Securities LLC grew its position in BancFirst Co. (NASDAQ:BANF) by 283.6% during the 1st quarter, HoldingsChannel reports. The firm owned 49,357 shares of the bank’s stock after purchasing an additional 36,491 shares during the quarter. SG Americas Securities LLC’s holdings in BancFirst were worth $5,423,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of BancFirst by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank’s stock valued at $12,333,000 after buying an additional 3,972 shares during the period. Handelsbanken Fonder AB boosted its stake in BancFirst by 16.4% in the 4th quarter. Handelsbanken Fonder AB now owns 4,958 shares of the bank’s stock worth $581,000 after purchasing an additional 700 shares during the period. Los Angeles Capital Management LLC increased its holdings in BancFirst by 1.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 20,056 shares of the bank’s stock worth $2,350,000 after purchasing an additional 331 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in BancFirst by 35.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 10,286 shares of the bank’s stock worth $1,205,000 after purchasing an additional 2,665 shares in the last quarter. Finally, Denali Advisors LLC raised its stake in shares of BancFirst by 58.0% in the 4th quarter. Denali Advisors LLC now owns 24,800 shares of the bank’s stock valued at $2,906,000 after purchasing an additional 9,100 shares during the period. Institutional investors own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In related news, EVP Randy Foraker sold 4,000 shares of BancFirst stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total transaction of $506,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total value of $620,600.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at $744,720. This represents a 45.45% decrease in their position. The disclosure for this sale can be found here. 32.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods upgraded shares of BancFirst to a “hold” rating in a report on Monday, May 26th.

BancFirst Stock Performance

BANF opened at $123.21 on Friday. The business’s 50-day simple moving average is $119.07 and its 200 day simple moving average is $118.14. BancFirst Co. has a 52-week low of $81.56 and a 52-week high of $132.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.10 billion, a PE ratio of 19.13 and a beta of 0.79.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.09. The company had revenue of $164.84 million for the quarter, compared to analysts’ expectations of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. As a group, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.49%. The ex-dividend date is Monday, June 30th. BancFirst’s dividend payout ratio (DPR) is currently 27.84%.

BancFirst Company Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.