Whittier Trust Co. of Nevada Inc. Purchases New Position in BancFirst Co. (NASDAQ:BANF)

Whittier Trust Co. of Nevada Inc. purchased a new stake in BancFirst Co. (NASDAQ:BANF) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 358 shares of the bank’s stock, valued at approximately $38,000.

Several other institutional investors have also bought and sold shares of BANF. Blue Trust Inc. boosted its stake in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in BancFirst by 557.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after buying an additional 429 shares in the last quarter. EntryPoint Capital LLC raised its position in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after purchasing an additional 305 shares during the last quarter. Point72 DIFC Ltd bought a new position in BancFirst in the 2nd quarter valued at $77,000. Finally, Transcendent Capital Group LLC bought a new position in BancFirst in the 1st quarter valued at $105,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In other news, Director Leslie Jeannine Rainbolt sold 2,152 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $110.47, for a total transaction of $237,731.44. Following the completion of the transaction, the director now directly owns 4,942,550 shares of the company’s stock, valued at $546,003,498.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Leslie Jeannine Rainbolt sold 2,152 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $110.47, for a total transaction of $237,731.44. Following the completion of the transaction, the director now directly owns 4,942,550 shares of the company’s stock, valued at $546,003,498.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Main Street Banking Partners L sold 1,750 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $110.11, for a total value of $192,692.50. Following the transaction, the insider now directly owns 4,934,421 shares of the company’s stock, valued at $543,329,096.31. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,845 shares of company stock valued at $7,214,307. Company insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BANF. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. DA Davidson lifted their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Piper Sandler lifted their price objective on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd.

BancFirst Trading Down 0.9 %

BANF stock opened at $109.13 on Friday. The company has a market cap of $3.60 billion, a P/E ratio of 17.83 and a beta of 1.03. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $115.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The business has a fifty day moving average of $105.69 and a 200-day moving average of $96.06.

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. BancFirst’s payout ratio is presently 30.07%.

BancFirst Profile

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.