Algert Global LLC Acquires 4,360 Shares of BancFirst Co. (NASDAQ:BANF)

Algert Global LLC increased its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 38.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,805 shares of the bank’s stock after acquiring an additional 4,360 shares during the quarter. Algert Global LLC’s holdings in BancFirst were worth $1,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of BancFirst by 87.5% in the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after buying an additional 9,936 shares during the last quarter. Blue Trust Inc. raised its position in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares during the period. Raymond James & Associates boosted its stake in BancFirst by 4.1% in the third quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock valued at $10,007,000 after acquiring an additional 3,720 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after acquiring an additional 29,050 shares during the period. Finally, Millennium Management LLC increased its stake in shares of BancFirst by 499.6% during the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after purchasing an additional 48,006 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analysts Set New Price Targets

BANF has been the topic of several research analyst reports. DA Davidson upped their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

BancFirst Stock Performance

NASDAQ BANF opened at $127.36 on Thursday. The firm has a market cap of $4.22 billion, a P/E ratio of 20.48 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $112.28 and its 200-day moving average is $101.16. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. Sell-side analysts predict that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.44%. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Insiders Place Their Bets

In related news, Director Leslie Jeannine Rainbolt sold 10,371 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $105.02, for a total value of $1,089,162.42. Following the sale, the director now owns 4,944,702 shares in the company, valued at approximately $519,292,604.04. This trade represents a 0.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David E. Rainbolt sold 1,391 shares of BancFirst stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $105.01, for a total value of $146,068.91. Following the sale, the director now directly owns 215,024 shares of the company’s stock, valued at $22,579,670.24. This represents a 0.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 178,844 shares of company stock worth $20,608,335 in the last quarter. 33.89% of the stock is owned by company insiders.

BancFirst 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.