Nuveen Asset Management LLC acquired a new stake in shares of BancFirst Co. (NASDAQ:BANF) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 83,899 shares of the bank’s stock, valued at approximately $4,670,000. Nuveen Asset Management LLC owned about 0.26% of BancFirst as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Quantamental Technologies LLC bought a new position in shares of BancFirst in the second quarter worth about $47,000. Parallel Advisors LLC bought a new position in BancFirst during the 2nd quarter worth about $78,000. Bank of Montreal Can bought a new position in BancFirst during the 2nd quarter worth about $87,000. Amundi Pioneer Asset Management Inc. bought a new position in BancFirst during the 1st quarter worth about $141,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in BancFirst during the 2nd quarter worth about $205,000. Institutional investors and hedge funds own 34.49% of the company’s stock.
In related news, SVP Kelly Foster sold 2,500 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $60.00, for a total transaction of $150,000.00. Following the sale, the senior vice president now owns 2,500 shares of the company’s stock, valued at $150,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald J. Norick acquired 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average cost of $53.00 per share, for a total transaction of $106,000.00. The disclosure for this purchase can be found here. Insiders sold 29,000 shares of company stock worth $1,692,570 in the last three months. 38.27% of the stock is owned by corporate insiders.
Several research firms have commented on BANF. ValuEngine lowered shares of BancFirst from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. BidaskClub lowered shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Sandler O’Neill assumed coverage on shares of BancFirst in a research report on Wednesday, August 14th. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, September 6th.
BANF traded down $0.34 during trading on Friday, reaching $59.33. 23,200 shares of the company’s stock were exchanged, compared to its average volume of 50,712. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04. BancFirst Co. has a 1 year low of $48.07 and a 1 year high of $60.10. The company’s fifty day simple moving average is $56.75 and its 200-day simple moving average is $55.90. The stock has a market capitalization of $1.94 billion, a P/E ratio of 15.53 and a beta of 0.85.
BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.01 by ($0.01). BancFirst had a return on equity of 14.47% and a net margin of 29.12%. The company had revenue of $107.91 million for the quarter, compared to analysts’ expectations of $104.77 million. Equities analysts forecast that BancFirst Co. will post 4.08 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.32 dividend. This is a positive change from BancFirst’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, September 27th. This represents a $1.28 annualized dividend and a yield of 2.16%. BancFirst’s dividend payout ratio is 33.51%.
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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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