Sanctuary Advisors LLC Takes Position in BancFirst Co. (NASDAQ:BANF)

Sanctuary Advisors LLC acquired a new position in shares of BancFirst Co. (NASDAQ:BANF) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,104 shares of the bank’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System grew its position in BancFirst by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in BancFirst by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after buying an additional 112 shares during the period. Diversified Trust Co lifted its holdings in BancFirst by 2.6% during the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after buying an additional 128 shares during the period. Inspire Investing LLC lifted its holdings in BancFirst by 3.9% during the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after buying an additional 152 shares during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in BancFirst by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank’s stock worth $1,116,000 after buying an additional 168 shares during the period. Institutional investors own 51.72% of the company’s stock.

BancFirst Stock Down 1.4 %

Shares of NASDAQ:BANF opened at $113.98 on Friday. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 18.62 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The business’s 50-day moving average is $104.88 and its 200-day moving average is $95.44. BancFirst Co. has a 1 year low of $79.99 and a 1 year high of $115.62.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. The company had revenue of $153.84 million for the quarter, compared to the consensus estimate of $149.75 million. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. Equities research analysts predict that BancFirst Co. will post 6.09 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s payout ratio is currently 30.07%.

Wall Street Analyst Weigh In

Several research analysts have commented on BANF shares. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Piper Sandler lifted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd.

Insider Activity

In related news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total transaction of $537,500.00. Following the transaction, the director now directly owns 326,904 shares of the company’s stock, valued at approximately $35,142,180. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total transaction of $537,500.00. Following the transaction, the director now directly owns 326,904 shares of the company’s stock, valued at approximately $35,142,180. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Randy Foraker sold 2,870 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $107.10, for a total value of $307,377.00. The disclosure for this sale can be found here. Insiders have sold 64,564 shares of company stock valued at $6,831,017 in the last ninety days. 33.89% of the stock is owned by company insiders.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.