UBS Group AG Reduces Stock Holdings in BancFirst Corporation $BANF

UBS Group AG decreased its holdings in BancFirst Corporation (NASDAQ:BANF) by 19.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,593 shares of the bank’s stock after selling 6,737 shares during the quarter. UBS Group AG’s holdings in BancFirst were worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after acquiring an additional 186 shares during the period. Cullen Frost Bankers Inc. purchased a new stake in BancFirst in the third quarter worth $35,000. Allworth Financial LP lifted its stake in BancFirst by 47.5% in the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock worth $37,000 after acquiring an additional 95 shares during the period. Eagle Bay Advisors LLC purchased a new stake in BancFirst in the fourth quarter worth $40,000. Finally, Smartleaf Asset Management LLC lifted its stake in BancFirst by 55.0% in the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock worth $44,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Stock Performance

Shares of BancFirst stock opened at $111.31 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $3.74 billion, a P/E ratio of 15.25 and a beta of 0.60. The business has a fifty day simple moving average of $110.61 and a two-hundred day simple moving average of $111.22. BancFirst Corporation has a 12 month low of $101.48 and a 12 month high of $138.77.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, April 16th. The bank reported $1.85 EPS for the quarter, beating the consensus estimate of $1.77 by $0.08. The business had revenue of $179.00 million during the quarter, compared to analyst estimates of $177.19 million. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.During the same quarter last year, the firm posted $1.66 earnings per share. On average, equities analysts forecast that BancFirst Corporation will post 7.36 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.96 annualized dividend and a yield of 1.8%. BancFirst’s dividend payout ratio (DPR) is currently 26.85%.

Analysts Set New Price Targets

A number of brokerages recently commented on BANF. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BancFirst has a consensus rating of “Hold” and an average target price of $124.00.

Insider Buying and Selling

In other BancFirst news, Director David E. Rainbolt sold 24,614 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $115.55, for a total transaction of $2,844,147.70. Following the completion of the transaction, the director owned 182,004 shares of the company’s stock, valued at approximately $21,030,562.20. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 58,217 shares of company stock worth $6,719,223 over the last ninety days. Company insiders own 31.67% of the company’s stock.

BancFirst Company 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.