Healthcare of Ontario Pension Plan Trust Fund Sells 13,643 Shares of BancFirst Corporation $BANF

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in shares of BancFirst Corporation (NASDAQ:BANF) by 50.0% during the first quarter, Holdings Channel reports. The firm owned 13,643 shares of the bank’s stock after selling 13,643 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BancFirst were worth $1,480,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP lifted its position in shares of BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of BancFirst during the fourth quarter valued at about $40,000. Kestra Advisory Services LLC bought a new position in BancFirst in the fourth quarter worth about $41,000. EverSource Wealth Advisors LLC raised its stake in BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after buying an additional 364 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in BancFirst by 108.6% in the first 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. 51.72% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BancFirst news, Director David E. Rainbolt sold 81,492 shares of BancFirst stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the completion of the transaction, the director owned 55,551 shares in the company, valued at approximately $6,483,357.21. The trade was a 59.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 139,170 shares of company stock worth $16,190,275. 31.67% of the stock is owned by company insiders.

BancFirst Price Performance

Shares of BANF opened at $112.82 on Friday. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The firm’s 50-day simple moving average is $113.26 and its two-hundred day simple moving average is $112.26. The stock has a market cap of $3.79 billion, a PE ratio of 15.23 and a beta of 0.59. 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) last released its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. Analysts anticipate that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on BANF. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research report on Friday, June 12th. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, BancFirst presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

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.