Atria Investments Inc Acquires 1,636 Shares of BancFirst Co. (NASDAQ:BANF)

Atria Investments Inc lifted its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 18.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,458 shares of the bank’s stock after acquiring an additional 1,636 shares during the period. Atria Investments Inc’s holdings in BancFirst were worth $1,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. bought a new stake in BancFirst in the 3rd quarter worth about $38,000. Blue Trust Inc. grew its position in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in BancFirst by 64.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after purchasing an additional 328 shares in the last quarter. EntryPoint Capital LLC grew its position in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after purchasing an additional 305 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in BancFirst in the 2nd quarter worth about $77,000. 51.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director William Scott Martin sold 25,000 shares of BancFirst stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $123.00, for a total transaction of $3,075,000.00. Following the completion of the transaction, the director now directly owns 249,106 shares of the company’s stock, valued at $30,640,038. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David E. Rainbolt sold 18,376 shares of BancFirst stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $106.22, for a total transaction of $1,951,898.72. Following the transaction, the director now directly owns 223,874 shares of the company’s stock, valued at approximately $23,779,896.28. This trade represents a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,107 shares of company stock valued at $17,847,219 in the last quarter. Insiders own 33.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BANF. Piper Sandler increased their target price on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, DA Davidson increased their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st.

BancFirst Stock Performance

NASDAQ BANF opened at $121.78 on Friday. The company’s 50 day simple moving average is $109.61 and its two-hundred day simple moving average is $99.50. The stock has a market capitalization of $4.03 billion, a PE ratio of 19.58 and a beta of 1.02. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $129.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The firm had revenue of $163.67 million for the quarter, compared to analyst estimates of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. Analysts predict that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Monday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio (DPR) is 29.58%.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.