NewEdge Wealth LLC Increases Position in BancFirst Corporation $BANF

NewEdge Wealth LLC lifted its position in BancFirst Corporation (NASDAQ:BANF) by 32.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,632 shares of the bank’s stock after acquiring an additional 4,812 shares during the period. NewEdge Wealth LLC owned 0.06% of BancFirst worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in BancFirst by 548.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 201 shares of the bank’s stock valued at $25,000 after purchasing an additional 170 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of BancFirst during the third quarter worth about $35,000. Smartleaf Asset Management LLC boosted its position in BancFirst by 55.0% in the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after buying an additional 121 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after buying an additional 364 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in BancFirst by 108.6% in the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after buying an additional 291 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BANF. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of BancFirst in a research report on Monday, December 22nd. Finally, Wall Street Zen downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $129.50.

BancFirst Trading Up 1.4%

BANF stock opened at $116.76 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.05. The business’s 50-day moving average is $112.27 and its 200 day moving average is $117.70. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 16.40 and a beta of 0.66. BancFirst Corporation has a 12-month low of $97.02 and a 12-month high of $138.77.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 22nd. The bank reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $181.00 million for the quarter, compared to analyst estimates of $173.76 million. BancFirst had a return on equity of 13.93% and a net margin of 25.13%. On average, sell-side analysts anticipate that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

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.