Champlain Investment Partners LLC Sells 46,506 Shares of BancFirst Co. (NASDAQ:BANF)

Champlain Investment Partners LLC lowered its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 501,173 shares of the bank's stock after selling 46,506 shares during the quarter. Champlain Investment Partners LLC owned 1.51% of BancFirst worth $52,748,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. BancFirst Trust & Investment Management increased its stake in BancFirst by 50.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank's stock valued at $177,936,000 after purchasing an additional 573,224 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in BancFirst by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank's stock valued at $87,888,000 after purchasing an additional 16,664 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in BancFirst by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank's stock valued at $20,242,000 after purchasing an additional 26,707 shares in the last quarter. International Assets Investment Management LLC bought a new stake in BancFirst during the 3rd quarter valued at $112,370,000. Finally, Principal Financial Group Inc. increased its stake in BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank's stock valued at $10,659,000 after purchasing an additional 29,050 shares in the last quarter. Institutional investors own 51.72% of the company's stock.

BancFirst Stock Performance

NASDAQ BANF traded up $3.30 during trading on Friday, hitting $126.28. 114,844 shares of the company's stock traded hands, compared to its average volume of 107,929. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $129.00. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average of $111.42 and a 200-day moving average of $100.59.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BANF. DA Davidson upped their target price on shares of BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th.

Insider Activity

In other news, Director David E. Rainbolt sold 18,376 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $106.22, for a total transaction of $1,951,898.72. Following the sale, the director now directly owns 223,874 shares in the company, valued at $23,779,896.28. This represents a 7.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Main Street Banking Partners L sold 778 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total transaction of $85,580.00. Following the completion of the transaction, the insider now owns 4,941,772 shares in the company, valued at approximately $543,594,920. This trade represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 181,714 shares of company stock worth $20,915,712 over the last ninety days. Company insiders own 33.89% of the company's stock.

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.