BancFirst Co. (NASDAQ:BANF) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its stake in BancFirst Co. (NASDAQ:BANF) by 33.9% in the 3rd quarter, Holdings Channel reports. The firm owned 391 shares of the bank’s stock after buying an additional 99 shares during the quarter. Blue Trust Inc.’s holdings in BancFirst were worth $41,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of BancFirst by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock valued at $640,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System lifted its position in shares of BancFirst by 1.9% during the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after purchasing an additional 112 shares during the last quarter. Diversified Trust Co lifted its position in shares of BancFirst by 2.6% during the second quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after purchasing an additional 128 shares during the last quarter. Inspire Investing LLC lifted its position in shares of BancFirst by 3.9% during the first quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after purchasing an additional 152 shares during the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in shares of BancFirst by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank’s stock worth $1,116,000 after purchasing an additional 168 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BancFirst

In other news, Director Dave R. Lopez sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Dave R. Lopez sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David E. Rainbolt sold 18,376 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $106.22, for a total value of $1,951,898.72. Following the sale, the director now directly owns 223,874 shares in the company, valued at approximately $23,779,896.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,266 shares of company stock worth $10,487,165. Company insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

BANF has been the topic of a number of recent research reports. Piper Sandler raised their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. DA Davidson raised their target price on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $108.41 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $106.49 and a 200-day simple moving average of $97.13. The company has a market cap of $3.58 billion, a PE ratio of 17.43 and a beta of 1.03. BancFirst Co. has a 12-month low of $80.80 and a 12-month high of $115.62.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.46 per share. The ex-dividend date was Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.70%. BancFirst’s payout ratio is currently 29.58%.

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.