Northern Trust Corp Trims Stake in BancFirst Co. (BANF)

Northern Trust Corp lessened its holdings in BancFirst Co. (NASDAQ:BANF) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 511,745 shares of the bank’s stock after selling 4,817 shares during the period. Northern Trust Corp owned 1.56% of BancFirst worth $25,537,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Citigroup Inc. lifted its holdings in shares of BancFirst by 5.5% in the fourth quarter. Citigroup Inc. now owns 5,331 shares of the bank’s stock valued at $266,000 after purchasing an additional 276 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of BancFirst by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 10,164 shares of the bank’s stock valued at $507,000 after buying an additional 396 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of BancFirst by 8.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,680 shares of the bank’s stock valued at $783,000 after buying an additional 1,221 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of BancFirst in the fourth quarter valued at approximately $61,000. Finally, Bank of Montreal Can increased its position in BancFirst by 5.7% during the fourth quarter. Bank of Montreal Can now owns 38,317 shares of the bank’s stock worth $1,912,000 after purchasing an additional 2,082 shares during the last quarter. 34.41% of the stock is currently owned by institutional investors.

BANF has been the subject of several research analyst reports. Zacks Investment Research lowered shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Monday, December 24th. ValuEngine downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, March 6th. Finally, BidaskClub downgraded shares of BancFirst from a “sell” rating to a “strong sell” rating in a research note on Monday, December 31st.

BANF traded down $0.32 during trading on Friday, hitting $55.45. 32,346 shares of the company’s stock were exchanged, compared to its average volume of 43,274. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.03. BancFirst Co. has a 1 year low of $48.07 and a 1 year high of $65.70. The company has a market cap of $1.81 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.10 and a beta of 0.77.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, April 18th. The bank reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. The business had revenue of $98.90 million during the quarter, compared to the consensus estimate of $98.50 million. BancFirst had a net margin of 29.37% and a return on equity of 14.50%. Research analysts anticipate that BancFirst Co. will post 3.76 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.30 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.20 annualized dividend and a dividend yield of 2.16%. BancFirst’s dividend payout ratio (DPR) is presently 31.41%.

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

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