10,486 Shares in BancFirst Corporation $BANF Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of BancFirst Corporation (NASDAQ:BANF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,486 shares of the bank’s stock, valued at approximately $1,164,000.

A number of other hedge funds have also modified their holdings of BANF. Bank of New York Mellon Corp purchased a new stake in BancFirst during the 2nd quarter valued at about $17,920,000. BlackRock Inc. purchased a new stake in shares of BancFirst in the second quarter valued at approximately $356,054,000. Fifth Third Bancorp grew its position in shares of BancFirst by 16,173.1% in the first quarter. Fifth Third Bancorp now owns 12,693 shares of the bank’s stock valued at $1,377,000 after purchasing an additional 12,615 shares in the last quarter. NewEdge Wealth LLC acquired a new stake in shares of BancFirst in the second quarter valued at approximately $1,866,000. Finally, Callan Family Office LLC purchased a new position in BancFirst during the second quarter worth approximately $3,671,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BANF. Keefe, Bruyette & Woods lowered their price objective on BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. DA Davidson reiterated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a report on Friday, June 12th. Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Zacks Research lowered shares of BancFirst from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, BancFirst has a consensus rating of “Hold” and an average target price of $123.00.

BancFirst Trading Up 1.0%

BANF opened at $112.89 on Friday. BancFirst Corporation has a 52 week low of $101.48 and a 52 week high of $138.77. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $113.72 and a 200-day simple moving average of $112.14. The firm has a market cap of $3.79 billion, a P/E ratio of 15.23 and a beta of 0.60.

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

Insider Activity

In other news, Director David Rainbolt sold 8,506 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were 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 this hyperlink. Insiders have sold a total of 166,783 shares of company stock worth $19,366,509 over the last 90 days. 31.67% of the stock is currently owned by corporate insiders.

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.