Callan Family Office LLC Takes $509,000 Position in BancFirst Co. (NASDAQ:BANF)

Callan Family Office LLC purchased a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,347 shares of the bank's stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BANF. Citigroup Inc. boosted its position in BancFirst by 39.1% during the third quarter. Citigroup Inc. now owns 37,107 shares of the bank's stock worth $3,906,000 after acquiring an additional 10,425 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock worth $338,000 after purchasing an additional 110 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of 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 purchasing an additional 29,050 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank's stock valued at $13,599,000 after purchasing an additional 32,636 shares during the period. Finally, Geode Capital Management LLC increased its stake in BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock valued at $50,823,000 after purchasing an additional 58,016 shares during the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at BancFirst

In other BancFirst news, EVP Darryl Schmidt sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the sale, the executive vice president now owns 43,564 shares of the company's stock, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business'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 directly owns 214,499 shares in the company, valued at approximately $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. Insiders sold 25,000 shares of company stock valued at $2,994,350 over the last 90 days. Corporate insiders own 33.89% of the company's stock.

BancFirst Trading Up 0.0 %

BancFirst stock traded up $0.01 during midday trading on Thursday, reaching $109.24. The stock had a trading volume of 86,005 shares, compared to its average volume of 91,892. The stock's 50-day simple moving average is $117.43 and its 200 day simple moving average is $115.28. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. 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 stock has a market capitalization of $3.63 billion, a PE ratio of 16.96 and a beta of 1.03.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating 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 expect that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

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

Wall Street Analysts Forecast Growth

BANF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target 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 raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd.

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.