Corient Private Wealth LP Invests $2.06 Million in BancFirst Corporation $BANF

Corient Private Wealth LP purchased a new position in shares of BancFirst Corporation (NASDAQ:BANF) in the second quarter, HoldingsChannel.com reports. The fund purchased 18,573 shares of the bank’s stock, valued at approximately $2,064,000.

Several other large investors have also bought and sold shares of BANF. BlackRock Inc. acquired a new position in BancFirst in the second quarter valued at about $356,054,000. Norges Bank acquired a new position in BancFirst during the fourth quarter valued at approximately $27,723,000. Bank of New York Mellon Corp bought a new stake in BancFirst in the second quarter valued at approximately $17,920,000. Bank of America Corp DE bought a new stake in BancFirst in the second quarter valued at approximately $10,992,000. Finally, State Street Corp raised its holdings in BancFirst by 7.6% in the fourth quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock worth $146,537,000 after purchasing an additional 96,957 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Price Performance

NASDAQ:BANF opened at $111.13 on Thursday. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77. The company has a market cap of $3.73 billion, a P/E ratio of 15.00 and a beta of 0.60. The firm’s fifty day moving average price is $113.78 and its two-hundred day moving average price is $112.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.02.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The company had revenue of $187.49 million for the quarter, compared to analyst estimates of $178.53 million. BancFirst had a net margin of 25.61% and a return on equity of 13.44%. Equities analysts expect that BancFirst Corporation will post 7.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other BancFirst news, Director David E. Rainbolt sold 81,492 shares of the stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $116.71, for a total value of $9,510,931.32. Following the transaction, the director directly owned 55,551 shares of the company’s stock, valued at $6,483,357.21. This represents a 59.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders have sold 166,783 shares of company stock valued at $19,366,509. 31.67% of the stock is currently owned by corporate insiders.

About BancFirst

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.