BancFirst Co. (NASDAQ:BANF) Position Boosted by Hodges Capital Management Inc.

Hodges Capital Management Inc. boosted its position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 81.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,000 shares of the bank's stock after buying an additional 32,800 shares during the period. Hodges Capital Management Inc. owned approximately 0.22% of BancFirst worth $8,554,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after purchasing an additional 99 shares during the period. Sanctuary Advisors LLC increased its stake in BancFirst by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock worth $338,000 after buying an additional 110 shares during the period. Victory Capital Management Inc. lifted its holdings in BancFirst by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank's stock valued at $953,000 after buying an additional 253 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in BancFirst in the 3rd quarter valued at about $38,000. Finally, Handelsbanken Fonder AB grew its stake in BancFirst by 13.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,258 shares of the bank's stock worth $448,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company's stock.

Insider Transactions at BancFirst

In related news, EVP Dennis L. Brand sold 4,000 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the transaction, the executive vice president now owns 33,000 shares of the company's stock, valued at $4,174,500. This trade represents a 10.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William Scott Martin sold 25,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.00, for a total value of $3,075,000.00. Following the sale, the director now directly owns 249,106 shares in the company, valued at $30,640,038. This represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,905 shares of company stock worth $9,139,894. Company insiders own 33.89% of the company's stock.

Analyst Upgrades and Downgrades

BANF has been the topic of several research reports. StockNews.com lowered BancFirst from a "hold" rating to a "sell" rating in a research note on Friday, January 24th. DA Davidson raised their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their price target on shares of BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

BancFirst Stock Up 1.0 %

Shares of BancFirst stock traded up $1.16 on Thursday, reaching $123.19. The stock had a trading volume of 82,855 shares, compared to its average volume of 129,194. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The company has a 50 day moving average price of $120.55 and a 200 day moving average price of $112.87. 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 stock has a market capitalization of $4.08 billion, a P/E ratio of 19.13 and a beta of 1.05.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.21% and a net margin of 23.52%. As a group, equities research analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. BancFirst's dividend payout ratio is currently 28.57%.

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.