Amundi Grows Stock Holdings in BancFirst Co. (NASDAQ:BANF)

Amundi increased its stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 189.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,514 shares of the bank's stock after purchasing an additional 6,886 shares during the period. Amundi's holdings in BancFirst were worth $1,200,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in BancFirst during the fourth quarter valued at approximately $11,958,000. State Street Corp grew its position in BancFirst by 12.4% during the third quarter. State Street Corp now owns 872,101 shares of the bank's stock valued at $92,187,000 after buying an additional 96,483 shares during the period. Geode Capital Management LLC grew its position in BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock valued at $50,823,000 after buying an additional 58,016 shares during the period. Proficio Capital Partners LLC bought a new stake in BancFirst during the fourth quarter valued at approximately $4,344,000. Finally, Hodges Capital Management Inc. grew its position in BancFirst by 81.6% during the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank's stock valued at $8,554,000 after buying an additional 32,800 shares during the period. 51.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on BANF shares. StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods boosted their target price on shares of BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th.

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BancFirst Price Performance

Shares of BANF traded down $0.01 during mid-day trading on Friday, reaching $109.61. The stock had a trading volume of 455,196 shares, compared to its average volume of 93,416. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 17.02 and a beta of 1.03. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The business has a fifty day moving average of $116.81 and a 200 day moving average of $115.41. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Equities analysts predict that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. BancFirst's dividend payout ratio is 28.57%.

Insider Buying and Selling

In related news, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $707,820. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now owns 214,499 shares of the company's stock, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,000 shares of company stock worth $2,994,350. 33.89% of the stock is owned by insiders.

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.