Capstone Triton Financial Group LLC Cuts Holdings in BancFirst Co. (NASDAQ:BANF)

Capstone Triton Financial Group LLC cut its position in shares of BancFirst Co. (NASDAQ:BANF) by 2.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,258 shares of the bank’s stock after selling 271 shares during the quarter. Capstone Triton Financial Group LLC’s holdings in BancFirst were worth $1,395,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BANF. Blue Trust Inc. increased its holdings in BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of BancFirst by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of BancFirst by 1.9% in the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after buying an additional 112 shares during the period. Diversified Trust Co increased its holdings in shares of BancFirst by 2.6% in the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock valued at $436,000 after purchasing an additional 128 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of BancFirst by 3.9% during the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after purchasing an additional 152 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. DA Davidson boosted their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Finally, Piper Sandler boosted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd.

BancFirst Price Performance

Shares of BancFirst stock traded up $2.26 during midday trading on Wednesday, reaching $112.97. The company had a trading volume of 17,208 shares, compared to its average volume of 82,639. The stock has a fifty day simple moving average of $106.14 and a 200 day simple moving average of $96.77. BancFirst Co. has a 1-year low of $80.28 and a 1-year high of $115.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 17.80 and a beta of 1.03.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is presently 29.58%.

Insider Activity

In other news, Director Dave R. Lopez sold 1,000 shares of BancFirst stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director David E. Rainbolt sold 18,376 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $106.22, for a total value of $1,951,898.72. Following the completion of the sale, the director now owns 223,874 shares in the company, valued at approximately $23,779,896.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Dave R. Lopez sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $102.13, for a total value of $102,130.00. The disclosure for this sale can be found here. Insiders have sold 92,266 shares of company stock valued at $9,919,665 over the last 90 days. 33.89% of the stock is owned by company insiders.

About BancFirst

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.