Credit Suisse AG Has $1.50 Million Stake in BancFirst Co. (NASDAQ:BANF)

Credit Suisse AG boosted its stake in BancFirst Co. (NASDAQ:BANF – Get Rating) by 10.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,797 shares of the bank’s stock after buying an additional 1,599 shares during the period. Credit Suisse AG’s holdings in BancFirst were worth $1,503,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC acquired a new stake in BancFirst in the 3rd quarter valued at $36,000. Eagle Bay Advisors LLC acquired a new position in BancFirst in the second quarter worth $39,000. Steward Partners Investment Advisory LLC acquired a new position in BancFirst in the second quarter worth $66,000. Federated Hermes Inc. acquired a new position in BancFirst in the second quarter worth $81,000. Finally, Quadrant Capital Group LLC boosted its stake in BancFirst by 21.3% in the second quarter. Quadrant Capital Group LLC now owns 1,265 shares of the bank’s stock worth $121,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 45.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on BANF shares. Piper Sandler reduced their price objective on BancFirst from $97.00 to $84.00 and set an “underweight” rating on the stock in a research note on Monday, January 23rd. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research note on Sunday.

BancFirst Trading Down 0.6 %

BANF stock opened at $88.30 on Wednesday. The company has a market cap of $2.90 billion, a P/E ratio of 15.30 and a beta of 1.07. BancFirst Co. has a twelve month low of $75.98 and a twelve month high of $118.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The business has a fifty day moving average of $87.20 and a 200-day moving average of $93.41.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. BancFirst’s payout ratio is currently 27.73%.

Insider Transactions at BancFirst

In other news, EVP Kevin Lawrence sold 2,291 shares of the business’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $92.00, for a total transaction of $210,772.00. Following the completion of the sale, the executive vice president now owns 10,000 shares in the company, valued at $920,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Dave R. Lopez sold 2,000 shares of the company’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $92.96, for a total value of $185,920.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Lawrence sold 2,291 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $92.00, for a total value of $210,772.00. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $920,000. The disclosure for this sale can be found here. 35.70% of the stock is currently owned by corporate insiders.

About BancFirst

(Get Rating)

BancFirst Corp. is a bank holding company, which provides retail and commercial banking services. Its services include commercial, real estate, agricultural and consumer lending, depository and funds transfer services, collections, safe deposit boxes, cash management services, retail brokerage services, and other services tailored for both individual and corporate customers.