Deutsche Bank AG lessened its holdings in BancFirst Co. (NASDAQ:BANF) by 24.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,550 shares of the bank’s stock after selling 10,411 shares during the quarter. Deutsche Bank AG’s holdings in BancFirst were worth $1,571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of BancFirst by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 319,022 shares of the bank’s stock valued at $15,919,000 after acquiring an additional 14,030 shares in the last quarter. Norges Bank purchased a new stake in shares of BancFirst in the 4th quarter valued at about $12,917,000. Wakefield Asset Management LLLP raised its holdings in shares of BancFirst by 80.9% in the 4th quarter. Wakefield Asset Management LLLP now owns 7,103 shares of the bank’s stock valued at $354,000 after acquiring an additional 3,177 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of BancFirst by 5.3% in the 4th quarter. Legal & General Group Plc now owns 7,011 shares of the bank’s stock valued at $350,000 after acquiring an additional 353 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of BancFirst by 386.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 5,887 shares of the bank’s stock valued at $294,000 after acquiring an additional 4,678 shares in the last quarter. Hedge funds and other institutional investors own 34.33% of the company’s stock.
Several research firms have weighed in on BANF. BidaskClub raised BancFirst from a “strong sell” rating to a “sell” rating in a report on Saturday, May 4th. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Tuesday, April 23rd. Finally, ValuEngine raised BancFirst from a “sell” rating to a “hold” rating in a report on Monday, February 4th.
NASDAQ:BANF opened at $56.57 on Thursday. BancFirst Co. has a twelve month low of $48.07 and a twelve month high of $65.70. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 2.14 and a beta of 0.79. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.98 and a current ratio of 0.98.
BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, April 18th. The bank reported $0.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.04. The company had revenue of $98.90 million for the quarter, compared to analysts’ expectations of $98.50 million. BancFirst had a return on equity of 14.50% and a net margin of 29.37%. As a group, research analysts expect that BancFirst Co. will post 3.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. BancFirst’s dividend payout ratio is 31.41%.
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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, 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.
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