Entropy Technologies LP Takes $305,000 Position in BancFirst Co. (NASDAQ:BANF)

Entropy Technologies LP acquired a new position in shares of BancFirst Co. (NASDAQ:BANF) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,902 shares of the bank’s stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its position in shares of BancFirst by 85.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after buying an additional 5,066 shares during the period. SG Americas Securities LLC bought a new stake in BancFirst in the first quarter valued at approximately $137,000. Sei Investments Co. raised its holdings in BancFirst by 58.8% in the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after purchasing an additional 8,939 shares during the period. Russell Investments Group Ltd. bought a new position in shares of BancFirst during the first quarter worth $214,000. Finally, ProShare Advisors LLC grew its holdings in shares of BancFirst by 7.8% in the 1st quarter. ProShare Advisors LLC now owns 4,278 shares of the bank’s stock valued at $377,000 after buying an additional 308 shares during the period. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on BANF shares. DA Davidson raised their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Piper Sandler raised their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. Finally, StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Insider Transactions at BancFirst

In other news, major shareholder Main Street Banking Partners L sold 778 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $110.00, for a total transaction of $85,580.00. Following the completion of the transaction, the insider now directly owns 4,941,772 shares in the company, valued at $543,594,920. This represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 value of $3,075,000.00. Following the completion of the sale, the director now directly owns 249,106 shares in the company, valued at approximately $30,640,038. This represents a 9.12 % decrease in their position. 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 over the last 90 days. 33.89% of the stock is owned by corporate insiders.

BancFirst Trading Down 0.9 %

BANF opened at $121.78 on Friday. The stock has a market capitalization of $4.03 billion, a P/E ratio of 19.58 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $129.00. The firm’s fifty day simple moving average is $109.61 and its 200 day simple moving average is $99.50.

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

BancFirst Increases Dividend

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

BancFirst 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.