State Board of Administration of Florida Retirement System Acquires 1,473 Shares of BancFirst Co. (NASDAQ:BANF)

State Board of Administration of Florida Retirement System raised its stake in shares of BancFirst Co. (NASDAQ:BANFGet Rating) by 40.6% during the 2nd quarter, Holdings reports. The institutional investor owned 5,105 shares of the bank’s stock after acquiring an additional 1,473 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in BancFirst were worth $489,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in BANF. Castle Wealth Management LLC bought a new position in shares of BancFirst in the 2nd quarter valued at approximately $37,000. Venture Visionary Partners LLC acquired a new stake in shares of BancFirst in the second quarter worth $44,000. Wolff Wiese Magana LLC bought a new stake in shares of BancFirst during the 2nd quarter worth $54,000. Steward Partners Investment Advisory LLC acquired a new position in BancFirst in the 2nd quarter valued at $66,000. Finally, Captrust Financial Advisors raised its holdings in BancFirst by 132.7% in the 1st quarter. Captrust Financial Advisors now owns 1,578 shares of the bank’s stock worth $132,000 after acquiring an additional 900 shares during the period. Institutional investors own 47.84% of the company’s stock.

BancFirst Stock Performance

NASDAQ BANF opened at $99.69 on Friday. The company’s fifty day moving average is $95.17 and its two-hundred day moving average is $96.85. BancFirst Co. has a 52-week low of $62.66 and a 52-week high of $118.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.10 and a beta of 1.10.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Saturday, December 31st will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, December 29th. This represents a $1.60 annualized dividend and a yield of 1.60%. BancFirst’s dividend payout ratio is 30.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on BANF shares. DA Davidson upped their price target on shares of BancFirst to $105.00 in a report on Thursday, October 27th. Piper Sandler increased their target price on BancFirst to $91.00 in a research note on Monday, July 25th. Finally, began coverage on BancFirst in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

About BancFirst

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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, Pegasus Bank, 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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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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