Rhumbline Advisers Sells 2,268 Shares of BancFirst Co. (NASDAQ:BANF)

Rhumbline Advisers decreased its holdings in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,589 shares of the bank's stock after selling 2,268 shares during the quarter. Rhumbline Advisers owned 0.19% of BancFirst worth $7,334,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BANF. State Street Corp raised its stake in BancFirst by 12.4% during the third quarter. State Street Corp now owns 872,101 shares of the bank's stock worth $92,187,000 after acquiring an additional 96,483 shares in the last quarter. Geode Capital Management LLC raised its stake in BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock worth $50,823,000 after acquiring an additional 58,016 shares in the last quarter. Hodges Capital Management Inc. raised its stake in BancFirst by 81.6% during the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank's stock worth $8,554,000 after acquiring an additional 32,800 shares in the last quarter. JPMorgan Chase & Co. raised its stake in BancFirst by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank's stock worth $13,599,000 after acquiring an additional 32,636 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in BancFirst by 40.2% during the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank's stock worth $10,659,000 after acquiring an additional 29,050 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

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Insider Transactions at BancFirst

In related news, Director William Scott Martin sold 10,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares in the company, valued at $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dennis L. Brand sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the completion of the sale, the executive vice president now owns 33,000 shares in the company, valued at $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,000 shares of company stock worth $3,500,350. Insiders own 33.89% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on BANF. Keefe, Bruyette & Woods boosted their target price on BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com cut BancFirst from a "hold" rating to a "sell" rating in a report on Friday, January 24th.

BancFirst Trading Up 2.2 %

Shares of NASDAQ:BANF traded up $2.61 during midday trading on Friday, hitting $119.36. 122,320 shares of the stock were exchanged, compared to its average volume of 112,890. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.53 and a beta of 1.05. 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's 50-day moving average price is $118.50 and its 200 day moving average price is $114.60. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29.

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

About BancFirst

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.