BancFirst Trust & Investment Management Has $108.53 Million Position in BancFirst Co. (NASDAQ:BANF)

BancFirst Trust & Investment Management lowered its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 907,318 shares of the bank's stock after selling 794,764 shares during the quarter. BancFirst makes up about 48.6% of BancFirst Trust & Investment Management's investment portfolio, making the stock its largest holding. BancFirst Trust & Investment Management owned approximately 2.74% of BancFirst worth $108,533,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted 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. Principal Financial Group Inc. boosted its holdings in shares of 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 acquiring an additional 29,050 shares during the last quarter. Arvest Bank Trust Division purchased a new stake in BancFirst during the 3rd quarter valued at $1,219,000. World Investment Advisors LLC bought a new position in shares of BancFirst in the 3rd quarter worth approximately $1,766,000. Finally, Sanctuary Advisors LLC grew its position in shares of BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock valued at $338,000 after acquiring an additional 110 shares during the period. Institutional investors own 51.72% of the company's stock.

Wall Street Analyst Weigh In

BANF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson increased their price target on BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Finally, StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th.

Insider Activity at BancFirst

In related news, Director William Scott Martin sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $123.00, for a total value of $3,075,000.00. Following the sale, the director now directly owns 249,106 shares of the company's stock, valued at $30,640,038. This represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dennis Jay Hannah sold 10,543 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total value of $1,334,532.94. Following the sale, the executive vice president now directly owns 1,564 shares of the company's stock, valued at $197,971.12. This represents a 87.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 129,150 shares of company stock valued at $15,442,825. 33.89% of the stock is owned by corporate insiders.

BancFirst Price Performance

Shares of BANF stock traded down $1.08 during mid-day trading on Thursday, hitting $116.10. The company had a trading volume of 131,711 shares, compared to its average volume of 86,088. The company has a market capitalization of $3.85 billion, a P/E ratio of 18.67 and a beta of 1.05. The stock's 50 day moving average price is $121.12 and its 200-day moving average price is $107.76. BancFirst Co. has a 52-week low of $81.21 and a 52-week high of $132.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, beating analysts' consensus estimates of $1.57 by $0.18. The firm had revenue of $163.67 million during 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%. Equities research analysts forecast that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.58%. BancFirst's dividend payout ratio (DPR) is 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.