Context BH Capital Management LP Boosts Stake in BancFirst Corporation (BANF)

Context BH Capital Management LP lifted its holdings in BancFirst Corporation (NASDAQ:BANF) by 5.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,456 shares of the bank’s stock after buying an additional 500 shares during the period. Context BH Capital Management LP’s holdings in BancFirst Corporation were worth $913,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. increased its holdings in shares of BancFirst Corporation by 115.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,215 shares of the bank’s stock worth $109,000 after buying an additional 651 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of BancFirst Corporation by 336.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock worth $127,000 after buying an additional 1,013 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BancFirst Corporation in the 1st quarter worth about $133,000. Victory Capital Management Inc. increased its holdings in shares of BancFirst Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock worth $202,000 after buying an additional 313 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of BancFirst Corporation in the 1st quarter worth about $209,000. Hedge funds and other institutional investors own 16.69% of the company’s stock.

A number of research firms have recently weighed in on BANF. ValuEngine upgraded shares of BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. BidaskClub upgraded shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 16th.

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BancFirst Corporation (BANF) traded up 0.336% during mid-day trading on Tuesday, hitting $52.325. 4,521 shares of the stock were exchanged. The stock has a market cap of $1.67 billion, a PE ratio of 20.625 and a beta of 0.55. BancFirst Corporation has a 52-week low of $34.06 and a 52-week high of $57.90. The stock’s 50 day moving average is $50.74 and its 200 day moving average is $48.49.

BancFirst Corporation (NASDAQ:BANF) last issued its earnings results on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.13. The business had revenue of $84.42 million during the quarter, compared to analysts’ expectations of $81.12 million. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. Analysts forecast that BancFirst Corporation will post $2.80 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from BancFirst Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, September 28th. BancFirst Corporation’s dividend payout ratio is 29.98%.

In other news, insider Darryl Schmidt sold 3,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $53.50, for a total value of $160,500.00. Following the completion of the sale, the insider now directly owns 3,000 shares in the company, valued at $160,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Crawford sold 1,960 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $50.74, for a total transaction of $99,450.40. The disclosure for this sale can be found here. Insiders sold 14,699 shares of company stock valued at $749,476 over the last quarter. Company insiders own 44.97% of the company’s stock.

BancFirst Corporation Profile

BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.

Institutional Ownership by Quarter for BancFirst Corporation (NASDAQ:BANF)

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