Verition Fund Management LLC Has $17.87 Million Position in BancFirst Corporation $BANF

by · The Markets Daily

Verition Fund Management LLC boosted its holdings in shares of BancFirst Corporation (NASDAQ:BANF – Free Report) by 30.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,591 shares of the bank’s stock after buying an additional 39,672 shares during the period. Verition Fund Management LLC owned about 0.51% of BancFirst worth $17,874,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Mariner LLC boosted its stake in BancFirst by 11.4% during the fourth quarter. Mariner LLC now owns 4,095 shares of the bank’s stock worth $431,000 after buying an additional 419 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in BancFirst during the fourth quarter worth $2,893,000. Entropy Technologies LP acquired a new stake in BancFirst during the fourth quarter worth $552,000. Barclays PLC boosted its stake in BancFirst by 28.4% during the fourth quarter. Barclays PLC now owns 39,792 shares of the bank’s stock worth $4,219,000 after buying an additional 8,809 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in BancFirst during the fourth quarter worth $41,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Stock Down 2.5%

Shares of NASDAQ BANF opened at $113.40 on Tuesday. The stock has a market cap of $3.81 billion, a PE ratio of 15.53 and a beta of 0.59. The business has a fifty day moving average of $111.96 and a two-hundred day moving average of $111.35. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04.

BancFirst (NASDAQ:BANF – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $177.19 million. BancFirst had a return on equity of 13.62% and a net margin of 25.50%.During the same period last year, the business earned $1.66 earnings per share. As a group, equities research analysts expect that BancFirst Corporation will post 7.39 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th. BancFirst’s payout ratio is currently 26.85%.

Insider Activity

In related news, Director David E. Rainbolt sold 24,614 shares of BancFirst stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $115.55, for a total value of $2,844,147.70. Following the completion of the transaction, the director directly owned 182,004 shares of the company’s stock, valued at $21,030,562.20. The trade was a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold 58,217 shares of company stock valued at $6,719,223 over the last three months. Insiders own 31.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BANF. Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. DA Davidson reiterated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Friday. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $124.00.

Get Our Latest Research Report on BANF

About BancFirst

(Free Report)

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.

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