Gallagher Fiduciary Advisors LLC Buys Shares of 6,993 BancFirst Corporation $BANF

Gallagher Fiduciary Advisors LLC bought a new stake in BancFirst Corporation (NASDAQ:BANF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,993 shares of the bank’s stock, valued at approximately $777,000.

Other hedge funds have also recently modified their holdings of the company. Quarry LP grew its position in BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after buying an additional 186 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of BancFirst in the second quarter valued at about $33,000. Pinnacle Holdings LLC acquired a new position in shares of BancFirst during the second quarter worth about $40,000. Kestra Advisory Services LLC acquired a new position in shares of BancFirst during the fourth quarter worth about $41,000. Finally, EverSource Wealth Advisors LLC raised its holdings in BancFirst by 957.9% during the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after purchasing an additional 364 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BancFirst

In related news, Director David E. Rainbolt sold 81,492 shares of BancFirst stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the completion of the transaction, the director directly owned 55,551 shares in the company, valued at $6,483,357.21. The trade was a 59.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 166,783 shares of company stock worth $19,366,509. Company insiders own 31.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

BancFirst Trading Down 1.3%

Shares of BancFirst stock opened at $111.09 on Wednesday. BancFirst Corporation has a 12-month low of $101.48 and a 12-month high of $138.77. The stock has a market cap of $3.73 billion, a PE ratio of 14.99 and a beta of 0.61. The company has a 50-day moving average of $113.98 and a two-hundred day moving average of $112.51. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $187.49 million for the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a return on equity of 13.44% and a net margin of 25.61%. On average, research analysts anticipate that BancFirst Corporation will post 7.67 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is 26.45%.

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.