John W. Rosenthal Capital Management Inc. raised its position in shares of BancFirst Corporation (NASDAQ:BANF) by 2.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 62,836 shares of the bank’s stock after buying an additional 1,700 shares during the period. BancFirst Corporation comprises 5.0% of John W. Rosenthal Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. John W. Rosenthal Capital Management Inc. owned approximately 0.20% of BancFirst Corporation worth $6,070,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. American International Group Inc. boosted its stake in shares of BancFirst Corporation by 7.0% in the first quarter. American International Group Inc. now owns 4,816 shares of the bank’s stock worth $433,000 after buying an additional 314 shares during the period. Swiss National Bank boosted its stake in shares of BancFirst Corporation by 3.6% in the first quarter. Swiss National Bank now owns 11,659 shares of the bank’s stock worth $1,048,000 after buying an additional 400 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BancFirst Corporation during the first quarter worth approximately $403,000. Menta Capital LLC acquired a new stake in shares of BancFirst Corporation during the first quarter worth approximately $351,000. Finally, Vanguard Group Inc. boosted its stake in shares of BancFirst Corporation by 7.2% in the first quarter. Vanguard Group Inc. now owns 793,238 shares of the bank’s stock worth $71,312,000 after buying an additional 53,261 shares during the period. Hedge funds and other institutional investors own 16.69% of the company’s stock.
BancFirst Corporation (BANF) traded down 0.60% during trading on Monday, hitting $50.00. The stock had a trading volume of 5,295 shares. BancFirst Corporation has a 52-week low of $33.51 and a 52-week high of $57.90. The stock’s 50-day moving average is $51.10 and its 200-day moving average is $48.20. The stock has a market capitalization of $1.59 billion, a PE ratio of 19.71 and a beta of 0.54.
BancFirst Corporation (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.13. BancFirst Corporation had a return on equity of 11.35% and a net margin of 23.91%. The company had revenue of $84.42 million for the quarter, compared to the consensus estimate of $81.12 million. On average, analysts predict that BancFirst Corporation will post $2.80 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.21 per share. This is an increase from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. This represents a $0.84 annualized dividend and a yield of 1.67%. BancFirst Corporation’s dividend payout ratio is 29.98%.
BANF has been the topic of a number of research reports. ValuEngine upgraded shares of BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. BidaskClub cut shares of BancFirst Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd.
In other news, Director Dave R. Lopez sold 4,366 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $50.27, for a total transaction of $219,478.82. Following the completion of the transaction, the director now directly owns 4,366 shares of the company’s stock, valued at approximately $219,478.82. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Darryl Schmidt sold 3,000 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $53.50, for a total value of $160,500.00. Following the transaction, the insider now directly owns 3,000 shares of the company’s stock, valued at $160,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,699 shares of company stock worth $749,476. 44.97% of the stock is owned by company insiders.
BancFirst Corporation Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
Want to see what other hedge funds are holding BANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancFirst Corporation (NASDAQ:BANF).
Receive News & Ratings for BancFirst Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
