Hsbc Holdings PLC Invests $470,000 in BancFirst Corporation $BANF

Hsbc Holdings PLC bought a new position in shares of BancFirst Corporation (NASDAQ:BANF) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,433 shares of the bank’s stock, valued at approximately $470,000.

A number of other large investors have also added to or reduced their stakes in BANF. Advisors Asset Management Inc. lifted its holdings in BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after purchasing an additional 291 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BancFirst by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,844 shares of the bank’s stock valued at $1,301,000 after purchasing an additional 505 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BancFirst by 8.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,396 shares of the bank’s stock valued at $5,098,000 after purchasing an additional 3,433 shares during the last quarter. Jane Street Group LLC bought a new position in shares of BancFirst in the first quarter valued at about $3,646,000. Finally, Cetera Investment Advisers bought a new position in shares of BancFirst in the second quarter valued at about $207,000. Institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BANF shares. DA Davidson reaffirmed a “neutral” rating and set a $125.00 target price on shares of BancFirst in a report on Friday, June 12th. Weiss Ratings raised shares of BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BancFirst currently has an average rating of “Hold” and a consensus price target of $124.00.

Insiders Place Their Bets

In other BancFirst news, Director David E. Rainbolt sold 9,001 shares of BancFirst stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $115.11, for a total value of $1,036,105.11. Following the transaction, the director owned 166,783 shares in the company, valued at $19,198,391.13. The trade was a 5.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 58,217 shares of company stock valued at $6,719,222 over the last quarter. Company insiders own 31.67% of the company’s stock.

BancFirst Stock Up 2.3%

NASDAQ BANF opened at $120.04 on Friday. The company has a 50 day moving average of $112.11 and a 200-day moving average of $111.76. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 16.44 and a beta of 0.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 1-year low of $101.48 and a 1-year high of $138.77.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.08. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.The company had revenue of $179.00 million for the quarter, compared to analyst estimates of $177.19 million. During the same period in the prior year, the firm posted $1.66 EPS. On average, equities research analysts expect that BancFirst Corporation will post 7.39 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is currently 26.85%.

BancFirst Profile

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.