Heritage Trust Co Invests $464,000 in BancFirst Co. (NASDAQ:BANF)

Heritage Trust Co bought a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,959 shares of the bank's stock, valued at approximately $464,000.

Several other hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in shares of BancFirst by 65.7% during the fourth quarter. Invesco Ltd. now owns 109,342 shares of the bank's stock worth $12,813,000 after buying an additional 43,336 shares in the last quarter. Bank of Montreal Can grew its stake in shares of BancFirst by 9.5% during the 4th quarter. Bank of Montreal Can now owns 4,144 shares of the bank's stock worth $486,000 after acquiring an additional 360 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of BancFirst by 37.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,857 shares of the bank's stock valued at $3,381,000 after purchasing an additional 7,904 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of BancFirst by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 484,883 shares of the bank's stock worth $56,832,000 after purchasing an additional 2,098 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new position in BancFirst during the fourth quarter worth $724,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Monday.

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BancFirst Stock Up 1.9 %

Shares of NASDAQ:BANF traded up $1.93 during midday trading on Tuesday, hitting $106.00. The stock had a trading volume of 80,245 shares, compared to its average volume of 101,210. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The business's 50-day simple moving average is $112.10 and its 200-day simple moving average is $115.61. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The company has a market cap of $3.52 billion, a P/E ratio of 16.46 and a beta of 0.82.

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, 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, sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.46 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.74%. BancFirst's payout ratio is 28.57%.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at approximately $723,480. This represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the transaction, the director now directly owns 214,499 shares of the company's stock, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $2,994,350 over the last ninety days. 33.89% of the stock is currently owned by company insiders.

BancFirst Company 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.