Meeder Asset Management Inc. trimmed its position in BancFirst Co. (NASDAQ:BANF) by 79.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,261 shares of the bank’s stock after selling 8,916 shares during the period. Meeder Asset Management Inc.’s holdings in BancFirst were worth $113,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BANF. BlackRock Inc. raised its holdings in shares of BancFirst by 8.5% during the 2nd quarter. BlackRock Inc. now owns 1,222,926 shares of the bank’s stock valued at $72,398,000 after buying an additional 96,269 shares during the period. Renaissance Technologies LLC grew its stake in BancFirst by 1.5% during the 2nd quarter. Renaissance Technologies LLC now owns 210,900 shares of the bank’s stock valued at $12,485,000 after purchasing an additional 3,100 shares in the last quarter. MetLife Investment Advisors LLC grew its stake in BancFirst by 17.5% during the 2nd quarter. MetLife Investment Advisors LLC now owns 8,433 shares of the bank’s stock valued at $499,000 after purchasing an additional 1,255 shares in the last quarter. Millennium Management LLC grew its stake in BancFirst by 8.3% during the 2nd quarter. Millennium Management LLC now owns 198,852 shares of the bank’s stock valued at $11,772,000 after purchasing an additional 15,208 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of BancFirst by 131.8% in the 2nd quarter. California Public Employees Retirement System now owns 28,857 shares of the bank’s stock worth $1,708,000 after acquiring an additional 16,407 shares in the last quarter. Hedge funds and other institutional investors own 33.74% of the company’s stock.
BANF has been the subject of several research reports. BidaskClub upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Tuesday, October 23rd.
Shares of BANF traded down $0.41 during mid-day trading on Friday, hitting $55.05. The stock had a trading volume of 24,612 shares, compared to its average volume of 44,803. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 14.41, a PEG ratio of 2.09 and a beta of 0.77. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst Co. has a fifty-two week low of $48.07 and a fifty-two week high of $65.70.
BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 17th. The bank reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. BancFirst had a return on equity of 14.86% and a net margin of 27.17%. The company had revenue of $100.74 million during the quarter, compared to analyst estimates of $97.57 million. On average, sell-side analysts predict that BancFirst Co. will post 3.76 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 28th. This represents a $1.20 dividend on an annualized basis and a yield of 2.18%. BancFirst’s dividend payout ratio is currently 31.41%.
BancFirst Company Profile
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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