US Bancorp DE Has $531,000 Stake in BancFirst Co. (NASDAQ:BANF)

US Bancorp DE increased its stake in shares of BancFirst Co. (NASDAQ:BANFGet Rating) by 14.2% during the third quarter, HoldingsChannel reports. The fund owned 5,927 shares of the bank’s stock after buying an additional 735 shares during the period. US Bancorp DE’s holdings in BancFirst were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of BancFirst by 54.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,399,358 shares of the bank’s stock worth $325,353,000 after acquiring an additional 1,192,658 shares during the period. Vanguard Group Inc. increased its stake in BancFirst by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 2,033,648 shares of the bank’s stock valued at $169,221,000 after buying an additional 31,248 shares during the last quarter. BancFirst Trust & Investment Management increased its stake in BancFirst by 3.7% in the 3rd quarter. BancFirst Trust & Investment Management now owns 1,111,349 shares of the bank’s stock valued at $100,266,000 after buying an additional 39,851 shares during the last quarter. State Street Corp increased its stake in BancFirst by 7.4% in the 1st quarter. State Street Corp now owns 853,690 shares of the bank’s stock valued at $71,343,000 after buying an additional 58,476 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in BancFirst by 5,622.5% in the 2nd quarter. Wells Fargo & Company MN now owns 409,162 shares of the bank’s stock valued at $39,161,000 after buying an additional 402,012 shares during the last quarter. 45.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BANF. StockNews.com began coverage on shares of BancFirst in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. DA Davidson lifted their price target on shares of BancFirst to $105.00 in a research note on Thursday, October 27th.

BancFirst Stock Performance

Shares of BANF opened at $82.78 on Monday. The firm has a 50-day moving average of $92.28 and a 200-day moving average of $97.26. BancFirst Co. has a one year low of $72.86 and a one year high of $118.07. The company has a market cap of $2.72 billion, a PE ratio of 14.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 0.93.

BancFirst (NASDAQ:BANFGet Rating) last announced its quarterly earnings data on Thursday, October 20th. The bank reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.09. BancFirst had a net margin of 32.00% and a return on equity of 16.33%. The company had revenue of $150.28 million during the quarter, compared to the consensus estimate of $143.35 million. As a group, equities analysts forecast that BancFirst Co. will post 6.55 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 16th. Stockholders of record on Saturday, December 31st were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Thursday, December 29th. BancFirst’s dividend payout ratio (DPR) is presently 27.73%.

Insider Activity

In related news, Director Dave R. Lopez sold 2,000 shares of BancFirst stock in a transaction dated Friday, December 9th. The shares were sold at an average price of $92.96, for a total transaction of $185,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 35.70% of the company’s stock.

BancFirst Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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