BancFirst Corporation (BANF) Stake Raised by Granite Investment Partners LLC

Granite Investment Partners LLC lifted its position in shares of BancFirst Corporation (NASDAQ:BANF) by 64.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,070 shares of the bank’s stock after acquiring an additional 62,620 shares during the quarter. Granite Investment Partners LLC owned 0.50% of BancFirst Corporation worth $9,084,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BANF. Ameritas Investment Partners Inc. lifted its stake in BancFirst Corporation by 7.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock valued at $125,000 after buying an additional 86 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in BancFirst Corporation by 336.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock valued at $127,000 after buying an additional 1,013 shares in the last quarter. SG Americas Securities LLC purchased a new position in BancFirst Corporation in the 3rd quarter valued at about $134,000. State Board of Administration of Florida Retirement System purchased a new position in BancFirst Corporation in the 3rd quarter valued at about $201,000. Finally, Victory Capital Management Inc. lifted its stake in BancFirst Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock valued at $202,000 after buying an additional 313 shares in the last quarter. 24.46% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Darryl Schmidt sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $56.10, for a total value of $112,200.00. Following the transaction, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $112,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 42.32% of the company’s stock.

Shares of BancFirst Corporation (NASDAQ:BANF) traded up $1.00 during trading on Tuesday, reaching $54.80. 19,800 shares of the company were exchanged, compared to its average volume of 51,958. The stock has a market cap of $1,714.61, a price-to-earnings ratio of 20.38, a PEG ratio of 1.96 and a beta of 0.56. BancFirst Corporation has a 1 year low of $40.63 and a 1 year high of $61.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.02 and a quick ratio of 1.02.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, December 28th. BancFirst Corporation’s dividend payout ratio is presently 31.82%.

BANF has been the topic of a number of research reports. ValuEngine raised shares of BancFirst Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of BancFirst Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th.

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About BancFirst Corporation

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.

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

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