Triton Financial Group Inc Invests $1.68 Million in BancFirst Corporation $BANF

Triton Financial Group Inc bought a new position in shares of BancFirst Corporation (NASDAQ:BANF) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 15,110 shares of the bank’s stock, valued at approximately $1,679,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BANF. BlackRock Inc. purchased a new stake in BancFirst in the second quarter valued at $356,054,000. Norges Bank acquired a new stake in BancFirst during the 4th quarter worth about $27,723,000. Bank of New York Mellon Corp purchased a new position in shares of BancFirst during the 2nd quarter valued at about $17,920,000. Bank of America Corp DE purchased a new position in shares of BancFirst during the 2nd quarter valued at about $10,992,000. Finally, State Street Corp lifted its holdings in shares of BancFirst by 7.6% in the 4th quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock valued at $146,537,000 after buying an additional 96,957 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BANF shares. Zacks Research downgraded BancFirst from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. DA Davidson restated a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a research report on Friday, June 12th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.00.

Insiders Place Their Bets

In other BancFirst news, Director David E. Rainbolt sold 81,492 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the transaction, the director owned 55,551 shares in the company, valued at approximately $6,483,357.21. This represents a 59.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 166,783 shares of company stock valued at $19,366,509. Corporate insiders own 31.67% of the company’s stock.

BancFirst Trading Down 1.3%

Shares of BancFirst stock opened at $110.40 on Friday. The firm has a 50-day simple moving average of $113.99 and a two-hundred day simple moving average of $112.42. The company has a market cap of $3.71 billion, a P/E ratio of 14.90 and a beta of 0.61. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.03.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a return on equity of 13.44% and a net margin of 25.61%.The firm had revenue of $187.49 million for the quarter, compared to analysts’ expectations of $178.53 million. As a group, equities analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

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.