Global Retirement Partners LLC lessened its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 82.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,297 shares of the bank's stock after selling 6,224 shares during the quarter. Global Retirement Partners LLC's holdings in BancFirst were worth $152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of BANF. Creative Planning lifted its stake in shares of BancFirst by 17.6% in the third quarter. Creative Planning now owns 10,829 shares of the bank's stock worth $1,140,000 after buying an additional 1,619 shares in the last quarter. Blue Trust Inc. lifted its position in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock valued at $41,000 after acquiring an additional 99 shares in the last quarter. Raymond James & Associates boosted its stake in BancFirst by 4.1% during the 3rd quarter. Raymond James & Associates now owns 95,076 shares of the bank's stock valued at $10,007,000 after purchasing an additional 3,720 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of BancFirst by 31.5% in the third quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the bank's stock worth $1,010,000 after purchasing an additional 2,300 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of BancFirst by 32.7% in the third quarter. State of Alaska Department of Revenue now owns 11,306 shares of the bank's stock worth $1,189,000 after purchasing an additional 2,783 shares during the last quarter. Institutional investors own 51.72% of the company's stock.
Insider Buying and Selling at BancFirst
In other news, EVP Dennis L. Brand sold 4,000 shares of the company's stock in a transaction on Thursday, December 12th. The stock was 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 directly owns 33,000 shares in the company, valued at $4,174,500. This represents a 10.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction 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 transaction, the executive vice president now owns 43,564 shares in the company, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,000 shares of company stock valued at $3,500,350. Insiders own 33.89% of the company's stock.
Analysts Set New Price Targets
Several research firms recently commented on BANF. StockNews.com downgraded BancFirst from a "hold" rating to a "sell" rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective 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.
Read Our Latest Analysis on BANF
BancFirst Stock Performance
BancFirst stock traded up $2.61 during mid-day trading on Friday, reaching $119.36. 122,320 shares of the stock traded hands, compared to its average volume of 112,890. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The business's 50-day moving average is $118.50 and its 200-day moving average is $114.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $3.95 billion, a PE ratio of 18.53 and a beta of 1.05.
BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, beating 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%. As a group, sell-side analysts predict that BancFirst Co. will post 6.52 EPS for the current fiscal year.
BancFirst Profile
(
Free Report)
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.
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