Plan Group Financial LLC Purchases New Shares in BancFirst Corporation $BANF

Plan Group Financial LLC acquired a new position in BancFirst Corporation (NASDAQ:BANF) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,244 shares of the bank’s stock, valued at approximately $768,000.

Several other large investors also recently modified their holdings of BANF. Signaturefd LLC grew its stake in BancFirst by 5.2% during the 4th quarter. Signaturefd LLC now owns 1,873 shares of the bank’s stock valued at $199,000 after purchasing an additional 93 shares in the last quarter. Allworth Financial LP grew its position in shares of BancFirst by 47.5% during the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after buying an additional 95 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of BancFirst by 2.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 4,652 shares of the bank’s stock worth $588,000 after purchasing an additional 100 shares during the last quarter. Triton Financial Group Inc grew its stake in BancFirst by 0.7% during the 3rd quarter. Triton Financial Group Inc now owns 14,592 shares of the bank’s stock worth $1,845,000 after buying an additional 101 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in BancFirst by 26.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 507 shares of the bank’s stock worth $64,000 after buying an additional 105 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $114.51 on Thursday. The stock’s fifty day simple moving average is $110.81 and its 200 day simple moving average is $111.32. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of 15.69 and a beta of 0.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.The firm had revenue of $179.00 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter last year, the business posted $1.66 EPS. As a group, sell-side analysts forecast that BancFirst Corporation will post 7.36 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, March 31st. BancFirst’s payout ratio is presently 26.85%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on 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 upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.00.

Insider Activity

In other news, Director David E. Rainbolt sold 24,614 shares of the stock in a transaction on 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 sale, the director owned 182,004 shares in the company, valued at $21,030,562.20. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 42,997 shares of company stock valued at $4,967,497 in the last ninety days. 31.67% of the stock is 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.