Algert Global LLC Grows Holdings in BancFirst Co. (NASDAQ:BANF)

Algert Global LLC grew its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 38.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,805 shares of the bank's stock after purchasing an additional 4,360 shares during the quarter. Algert Global LLC's holdings in BancFirst were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BANF. Whittier Trust Co. of Nevada Inc. acquired a new stake in BancFirst during the third quarter worth $38,000. Blue Trust Inc. boosted its stake in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after buying an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of BancFirst by 64.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank's stock valued at $73,000 after acquiring an additional 328 shares during the period. Point72 DIFC Ltd acquired a new position in shares of BancFirst in the 2nd quarter worth approximately $77,000. Finally, nVerses Capital LLC purchased a new position in shares of BancFirst during the 3rd quarter worth approximately $105,000. Hedge funds and other institutional investors own 51.72% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BANF. StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. DA Davidson increased their target price on BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st.

Insider Activity

In other news, EVP Dennis Jay Hannah sold 10,543 shares of BancFirst stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the completion of the sale, the executive vice president now directly owns 1,564 shares of the company's stock, valued at approximately $197,971.12. The trade was a 87.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David E. Rainbolt sold 1,414 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $105.58, for a total value of $149,290.12. Following the completion of the transaction, the director now directly owns 223,402 shares in the company, valued at $23,586,783.16. This trade represents a 0.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,844 shares of company stock worth $20,608,335. 33.89% of the stock is currently owned by company insiders.

BancFirst Stock Up 0.1 %

BANF traded up $0.13 during trading hours on Thursday, hitting $127.36. 66,076 shares of the company's stock were exchanged, compared to its average volume of 85,419. The firm has a market cap of $4.22 billion, a P/E ratio of 20.48 and a beta of 1.02. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $112.68 and a 200 day moving average of $101.35.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analyst estimates of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. Analysts predict that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst's dividend payout ratio is currently 29.58%.

BancFirst Profile

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.