Hsbc Holdings PLC Takes Position in BancFirst Corporation $BANF

Hsbc Holdings PLC acquired a new position in shares of BancFirst Corporation (NASDAQ:BANF) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,433 shares of the bank’s stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisors Asset Management Inc. boosted its stake in BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after purchasing an additional 291 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of BancFirst by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 505 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BancFirst by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock valued at $5,098,000 after purchasing an additional 3,433 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of BancFirst in the first quarter valued at about $3,646,000. Finally, Cetera Investment Advisers acquired a new position in shares of BancFirst during the second quarter worth about $207,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BANF shares. DA Davidson reiterated a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a report on Friday, June 12th. Weiss Ratings upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $124.00.

BancFirst Price Performance

NASDAQ:BANF opened at $120.04 on Friday. BancFirst Corporation has a 1-year low of $101.48 and a 1-year high of $138.77. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $112.11 and a 200 day simple moving average of $111.76. The stock has a market capitalization of $4.03 billion, a PE ratio of 16.44 and a beta of 0.59.

BancFirst (NASDAQ:BANF) last posted its quarterly 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. The firm had revenue of $179.00 million for the quarter, compared to analyst estimates of $177.19 million. BancFirst had a net margin of 25.50% and a return on equity of 13.62%. During the same period in the prior year, the firm posted $1.66 earnings per share. On average, research analysts expect that BancFirst Corporation will post 7.39 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.49 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.96 annualized dividend and a dividend yield of 1.6%. BancFirst’s payout ratio is currently 26.85%.

Insider Buying and Selling at BancFirst

In other news, Director David E. Rainbolt sold 24,614 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 182,004 shares of the company’s stock, valued at approximately $21,030,562.20. This represents a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 58,217 shares of company stock worth $6,719,222. 31.67% of the stock is owned by insiders.

BancFirst Company 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.