Triton Financial Group Inc Buys Shares of 15,110 BancFirst Corporation $BANF

Triton Financial Group Inc purchased a new position in BancFirst Corporation (NASDAQ:BANF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,110 shares of the bank’s stock, valued at approximately $1,679,000.

Several other institutional investors and hedge funds have also bought and sold shares of BANF. Quarry LP lifted its holdings in shares of BancFirst by 531.4% during the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after purchasing an additional 186 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of BancFirst in the 2nd quarter worth $33,000. Pinnacle Holdings LLC purchased a new position in BancFirst during the 2nd quarter worth $40,000. Kestra Advisory Services LLC purchased a new position in BancFirst during the 4th quarter worth $41,000. Finally, EverSource Wealth Advisors LLC increased its position in BancFirst by 957.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after buying an additional 364 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on BANF. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Zacks Research lowered BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. DA Davidson restated a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a report on Friday, June 12th. Keefe, Bruyette & Woods decreased their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Finally, Wall Street Zen raised shares of 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.com, the company has an average rating of “Hold” and an average price target of $123.00.

Insider Buying and Selling at BancFirst

In other news, Director David E. Rainbolt sold 81,492 shares of the stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total value of $9,510,931.32. Following the transaction, the director directly owned 55,551 shares of the company’s stock, valued at approximately $6,483,357.21. This represents a 59.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 166,783 shares of company stock valued at $19,366,509 over the last quarter. 31.67% of the stock is currently owned by corporate insiders.

BancFirst Price Performance

Shares of BANF opened at $110.40 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02. The company’s fifty day moving average price is $113.99 and its 200-day moving average price is $112.42. BancFirst Corporation has a 1-year low of $101.48 and a 1-year high of $138.77. The firm has a market capitalization of $3.71 billion, a PE ratio of 14.90 and a beta of 0.61.

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

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.