Quantinno Capital Management LP Acquires 18,560 Shares of BancFirst Corporation $BANF

Quantinno Capital Management LP grew its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 377.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,482 shares of the bank’s stock after purchasing an additional 18,560 shares during the period. Quantinno Capital Management LP owned approximately 0.07% of BancFirst worth $2,548,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BANF. Norges Bank bought a new position in BancFirst during the 4th quarter valued at approximately $27,723,000. State Street Corp boosted its holdings in BancFirst by 7.6% in the fourth quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock worth $146,537,000 after acquiring an additional 96,957 shares in the last quarter. Millennium Management LLC bought a new stake in BancFirst in the fourth quarter worth $8,316,000. Invesco Ltd. grew its stake in shares of BancFirst by 73.4% in the third quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock worth $20,676,000 after acquiring an additional 69,192 shares during the last quarter. Finally, Verition Fund Management LLC grew its stake in shares of BancFirst by 30.8% in the fourth quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock worth $17,874,000 after acquiring an additional 39,672 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Insider Activity

In other news, Director David E. Rainbolt sold 3,000 shares of BancFirst stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $115.00, for a total value of $345,000.00. Following the completion of the sale, the director directly owned 8,506 shares in the company, valued at $978,190. The trade was a 26.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 158,277 shares of company stock worth $18,388,319. Company insiders own 31.67% of the company’s stock.

BancFirst Price Performance

BANF stock opened at $113.01 on Monday. The stock has a market capitalization of $3.80 billion, a P/E ratio of 15.25 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. BancFirst Corporation has a 1-year low of $101.48 and a 1-year high of $138.77. The business has a fifty day moving average price of $113.54 and a 200-day moving average price of $112.34.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. BancFirst had a return on equity of 13.64% and a net margin of 31.96%.The company had revenue of $187.49 million for the quarter, compared to analysts’ expectations of $178.53 million. Equities analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is presently 26.45%.

Analyst Ratings Changes

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

BancFirst 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.