Bank of New York Mellon Corp Reduces Position in BancFirst Co. (NASDAQ:BANF)

Bank of New York Mellon Corp cut its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,098 shares of the bank's stock after selling 4,757 shares during the quarter. Bank of New York Mellon Corp owned 0.56% of BancFirst worth $21,807,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KBC Group NV lifted its holdings in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after buying an additional 536 shares during the period. Quantbot Technologies LP increased its stake in shares of BancFirst by 83.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,464 shares of the bank's stock worth $154,000 after purchasing an additional 666 shares in the last quarter. Retirement Investment Advisors Inc. purchased a new stake in shares of BancFirst in the 3rd quarter worth $200,000. Kolinsky Wealth Management LLC purchased a new stake in BancFirst in the 3rd quarter worth $210,000. Finally, D.A. Davidson & CO. bought a new position in shares of BancFirst during the 3rd quarter valued at about $234,000. 51.72% of the stock is owned by institutional investors.

Insider Transactions at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total value of $589,850.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $707,820. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Scott Martin sold 10,000 shares of BancFirst 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 sale, the director now owns 214,499 shares of the company's stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock valued at $2,994,350. 33.89% of the stock is currently owned by company insiders.

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BancFirst Trading Up 2.1 %

Shares of NASDAQ:BANF traded up $2.32 during trading on Friday, reaching $111.56. The company's stock had a trading volume of 78,905 shares, compared to its average volume of 91,968. 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 stock has a market capitalization of $3.71 billion, a PE ratio of 17.32 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 firm's 50 day simple moving average is $117.29 and its two-hundred day simple moving average is $115.24.

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

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst's dividend payout ratio (DPR) is presently 28.57%.

Analysts Set New Price Targets

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

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.