BancFirst Co. (NASDAQ:BANF) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 482,785 shares of the bank's stock after buying an additional 58,016 shares during the quarter. Geode Capital Management LLC owned 1.46% of BancFirst worth $50,823,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst during the third quarter worth about $38,000. Blue Trust Inc. increased its stake in BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock valued at $41,000 after purchasing an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in BancFirst by 64.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank's stock valued at $73,000 after purchasing an additional 328 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of BancFirst in the second quarter worth $77,000. Finally, nVerses Capital LLC purchased a new stake in shares of BancFirst during the third quarter valued at $105,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Leslie Jeannine Rainbolt sold 2,152 shares of BancFirst stock in a transaction on Monday, October 21st. The shares were sold at an average price of $110.47, for a total value of $237,731.44. Following the sale, the director now owns 4,942,550 shares of the company's stock, valued at approximately $546,003,498.50. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Scott Martin sold 25,000 shares of the business's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.00, for a total transaction of $3,075,000.00. Following the completion of the sale, the director now directly owns 249,106 shares of the company's stock, valued at approximately $30,640,038. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,150 shares of company stock worth $15,442,825. Company insiders own 33.89% of the company's stock.

BancFirst Stock Performance

Shares of BANF traded down $0.27 during mid-day trading on Monday, reaching $118.57. The company had a trading volume of 67,905 shares, compared to its average volume of 86,492. The stock has a market capitalization of $3.93 billion, a P/E ratio of 19.06 and a beta of 1.05. BancFirst Co. has a 52-week low of $81.21 and a 52-week high of $132.29. The stock has a 50 day moving average of $119.79 and a two-hundred day moving average of $105.91. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

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, topping the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million for 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%. On average, analysts expect that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.46 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.55%. BancFirst's payout ratio is 29.58%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their target price on BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, DA Davidson raised their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st.

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.