Vestmark Advisory Solutions Inc. Has $2.48 Million Position in BancFirst Corporation $BANF

Vestmark Advisory Solutions Inc. lifted its holdings in shares of BancFirst Corporation (NASDAQ:BANF) by 32.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,644 shares of the bank’s stock after purchasing an additional 4,824 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in BancFirst were worth $2,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BANF. NewEdge Wealth LLC boosted its holdings in BancFirst by 32.5% in the third quarter. NewEdge Wealth LLC now owns 19,632 shares of the bank’s stock worth $2,482,000 after purchasing an additional 4,812 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in shares of BancFirst by 8.6% during the 3rd quarter. Hodges Capital Management Inc. now owns 41,500 shares of the bank’s stock worth $5,248,000 after acquiring an additional 3,300 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of BancFirst during the 3rd quarter valued at about $407,000. JPMorgan Chase & Co. raised its stake in shares of BancFirst by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,985 shares of the bank’s stock valued at $15,678,000 after acquiring an additional 7,846 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in BancFirst in the 3rd quarter worth approximately $635,000. Institutional investors own 51.72% of the company’s stock.

BancFirst Trading Up 0.9%

Shares of BancFirst stock opened at $111.56 on Wednesday. BancFirst Corporation has a 12-month low of $97.02 and a 12-month high of $138.77. The stock has a market capitalization of $3.72 billion, a P/E ratio of 15.67 and a beta of 0.66. The company has a 50-day simple moving average of $112.18 and a 200 day simple moving average of $117.54. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.05.

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

Analyst Ratings Changes

BANF has been the subject of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of BancFirst in a research report on Monday, December 22nd. Keefe, Bruyette & Woods lifted their price target on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $129.50.

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.