AQR Capital Management LLC Lifted Holding in BancFirst Co. (BANF)

AQR Capital Management LLC Lifted Holding in BancFirst Co. (BANF)

AQR Capital Management LLC raised its position in shares of BancFirst Co. (NASDAQ:BANF) by 135.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,373 shares of the company’s stock after buying an additional 30,662 shares during the period. AQR Capital Management LLC’s holdings in BancFirst were worth $4,967,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of BANF. FMR LLC boosted its stake in BancFirst by 26.8% in the fourth quarter. FMR LLC now owns 830,054 shares of the company’s stock worth $77,237,000 after buying an additional 175,385 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in BancFirst by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 523,696 shares of the company’s stock worth $48,730,000 after buying an additional 14,491 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in BancFirst by 2.4% in the third quarter. JPMorgan Chase & Co. now owns 211,094 shares of the company’s stock worth $15,306,000 after buying an additional 5,006 shares during the last quarter. State Street Corp boosted its stake in BancFirst by 13.8% in the fourth quarter. State Street Corp now owns 153,600 shares of the company’s stock worth $14,292,000 after buying an additional 18,678 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in BancFirst by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 75,349 shares of the company’s stock worth $5,464,000 after buying an additional 377 shares during the last quarter. 30.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of BancFirst Co. (NASDAQ:BANF) opened at 88.00 on Wednesday. The company has a market cap of $1.40 billion, a PE ratio of 19.82 and a beta of 0.68. BancFirst Co. has a 1-year low of $55.05 and a 1-year high of $98.35. The company has a 50-day moving average of $94.32 and a 200-day moving average of $84.33.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 19th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.03. BancFirst had a net margin of 21.02% and a return on equity of 10.43%. Equities analysts forecast that BancFirst Co. will post $4.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, March 29th. BancFirst’s dividend payout ratio is currently 34.23%.

Separately, Zacks Investment Research raised shares of BancFirst from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Monday, December 26th.

In other BancFirst news, insider Darryl Schmidt sold 3,983 shares of the stock in a transaction on Wednesday, January 25th. The shares were sold at an average price of $94.75, for a total value of $377,389.25. Following the completion of the sale, the insider now owns 11,483 shares in the company, valued at $1,088,014.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dennis L. Brand sold 5,000 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $97.50, for a total transaction of $487,500.00. Following the completion of the sale, the insider now owns 5,000 shares of the company’s stock, valued at approximately $487,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,059 shares of company stock valued at $4,468,685. Corporate insiders own 44.97% of the company’s stock.

About BancFirst

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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