Allianz Asset Management GmbH purchased a new position in shares of BancFirst Co. (NASDAQ:BANF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 100,110 shares of the bank’s stock, valued at approximately $5,572,000. Allianz Asset Management GmbH owned 0.31% of BancFirst as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of BANF. Virginia Retirement Systems ET AL lifted its holdings in shares of BancFirst by 3.6% in the 1st quarter. Virginia Retirement Systems ET AL now owns 8,600 shares of the bank’s stock valued at $448,000 after buying an additional 300 shares during the period. Burney Co. grew its position in shares of BancFirst by 7.6% in the first quarter. Burney Co. now owns 5,677 shares of the bank’s stock valued at $296,000 after purchasing an additional 402 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BancFirst by 77.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock valued at $54,000 after purchasing an additional 456 shares in the last quarter. Monroe Bank & Trust MI lifted its holdings in BancFirst by 1.8% in the first quarter. Monroe Bank & Trust MI now owns 26,735 shares of the bank’s stock valued at $1,394,000 after acquiring an additional 466 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in BancFirst in the first quarter valued at approximately $34,000. 34.25% of the stock is owned by institutional investors.
A number of research analysts have commented on the company. Sandler O’Neill assumed coverage on BancFirst in a research note on Wednesday, August 14th. They set a “hold” rating on the stock. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Friday, September 6th. Finally, BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a research report on Thursday.
NASDAQ:BANF opened at $56.64 on Friday. BancFirst Co. has a 12 month low of $48.07 and a 12 month high of $63.30. The firm has a market capitalization of $1.80 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.98 and a beta of 0.85. The business’s fifty day moving average price is $54.96 and its 200 day moving average price is $55.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04.
BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, July 18th. The bank reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.09. The business had revenue of $102.87 million during the quarter, compared to the consensus estimate of $99.79 million. BancFirst had a net margin of 29.12% and a return on equity of 14.34%. As a group, equities analysts anticipate that BancFirst Co. will post 3.99 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.32 dividend. The ex-dividend date is Friday, September 27th. This represents a $1.28 dividend on an annualized basis and a yield of 2.26%. This is an increase from BancFirst’s previous quarterly dividend of $0.30. BancFirst’s dividend payout ratio (DPR) is presently 31.41%.
In other BancFirst news, Director Ronald J. Norick acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $53.00 per share, with a total value of $106,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Darryl Schmidt sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $55.05, for a total transaction of $220,200.00. Following the transaction, the executive vice president now directly owns 11,000 shares of the company’s stock, valued at $605,550. The disclosure for this sale can be found here. 38.27% of the stock is owned by company insiders.
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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