Edgestream Partners L.P. Purchases 27,829 Shares of BancFirst Corporation $BANF

Edgestream Partners L.P. lifted its holdings in BancFirst Corporation (NASDAQ:BANF) by 645.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,139 shares of the bank’s stock after buying an additional 27,829 shares during the period. Edgestream Partners L.P.’s holdings in BancFirst were worth $3,487,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its holdings in BancFirst by 108.6% during the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after acquiring an additional 291 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BancFirst by 4.5% in the 1st 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 period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BancFirst by 8.0% in the 1st 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 period. Jane Street Group LLC purchased a new stake in shares of BancFirst during the 1st quarter valued at $3,646,000. Finally, Cetera Investment Advisers purchased a new stake in shares of BancFirst during the 2nd quarter valued at $207,000. 51.72% of the stock is owned by institutional investors.

BancFirst Price Performance

BancFirst stock opened at $112.82 on Friday. The business’s 50 day simple moving average is $113.26 and its 200 day simple moving average is $112.26. BancFirst Corporation has a 12 month low of $101.48 and a 12 month high of $138.77. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 15.23 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 (NASDAQ:BANF) last released its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a return on equity of 13.64% and a net margin of 31.96%. Sell-side analysts forecast that BancFirst Corporation will post 7.67 EPS for the current year.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.49 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. BancFirst’s dividend payout ratio is presently 26.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BANF. Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $124.00.

Insiders Place Their Bets

In related news, Director David E. Rainbolt sold 12,718 shares of BancFirst stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $115.05, for a total value of $1,463,205.90. Following the completion of the sale, the director owned 42,833 shares of the company’s stock, valued at approximately $4,927,936.65. This trade represents a 22.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 139,170 shares of company stock valued at $16,190,275. Company insiders own 31.67% of the company’s stock.

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.