Invesco Ltd. Acquires 43,336 Shares of BancFirst Co. (NASDAQ:BANF)

Invesco Ltd. boosted its holdings in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 65.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 109,342 shares of the bank's stock after purchasing an additional 43,336 shares during the quarter. Invesco Ltd. owned approximately 0.33% of BancFirst worth $12,813,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in BancFirst by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock worth $270,241,000 after buying an additional 44,563 shares during the last quarter. Geode Capital Management LLC lifted its stake in BancFirst by 0.4% during 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 during the last quarter. Norges Bank acquired a new position in BancFirst in the fourth quarter worth $26,649,000. JPMorgan Chase & Co. increased its stake in BancFirst by 35.8% during the fourth quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank's stock valued at $20,560,000 after purchasing an additional 46,253 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of BancFirst by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock worth $12,333,000 after purchasing an additional 3,972 shares during the period. 51.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of BancFirst from a "hold" rating to a "sell" rating in a report on Tuesday.

Insider Buying and Selling

In related news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction dated 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 of the company's stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were 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 of the company's stock, valued at $723,480. The trade was a 45.45 % 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. 32.43% of the stock is currently owned by company insiders.

BancFirst Stock Performance

BancFirst stock traded up $0.37 during midday trading on Thursday, reaching $119.15. 107,133 shares of the stock traded hands, compared to its average volume of 102,098. BancFirst Co. has a fifty-two week low of $81.56 and a fifty-two week high of $132.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 18.50 and a beta of 0.82. The firm has a fifty day moving average price of $111.16 and a two-hundred day moving average price of $115.94.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. The business had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. On average, equities research analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Monday, March 31st. BancFirst's dividend payout ratio is currently 27.84%.

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.