OneDigital Investment Advisors LLC Makes New $701,000 Investment in BancFirst Corporation $BANF

OneDigital Investment Advisors LLC purchased a new stake in BancFirst Corporation (NASDAQ:BANF) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,307 shares of the bank’s stock, valued at approximately $701,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of BancFirst in the 4th quarter valued at about $27,723,000. Bank of New York Mellon Corp bought a new stake in BancFirst in the 2nd quarter valued at about $17,920,000. State Street Corp raised its stake in BancFirst by 7.6% during the 4th quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock worth $146,537,000 after buying an additional 96,957 shares during the period. Millennium Management LLC acquired a new position in BancFirst during the 4th quarter worth approximately $8,316,000. Finally, Invesco Ltd. boosted its holdings in BancFirst by 73.4% in the third quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock worth $20,676,000 after acquiring an additional 69,192 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BANF shares. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. DA Davidson reaffirmed a “neutral” rating and set a $125.00 target price on shares of BancFirst in a research report on Friday, June 12th. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods reduced their price target on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, BancFirst currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Buying and Selling at BancFirst

In other news, Director David E. Rainbolt sold 8,506 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $115.00, for a total value of $978,190.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have sold 166,783 shares of company stock valued at $19,366,509. Insiders own 31.67% of the company’s stock.

BancFirst Stock Up 0.0%

BancFirst stock opened at $114.97 on Wednesday. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $138.77. The firm has a 50 day moving average price of $114.18 and a 200-day moving average price of $112.50. The company has a market capitalization of $3.86 billion, a P/E ratio of 15.52 and a beta of 0.61. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.04.

BancFirst (NASDAQ:BANF) last issued its quarterly 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 EPS for the current year.

BancFirst Dividend Announcement

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

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.