BancFirst Co. (NASDAQ:BANF) Stake Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 35.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 175,457 shares of the bank's stock after buying an additional 46,253 shares during the quarter. JPMorgan Chase & Co. owned about 0.53% of BancFirst worth $20,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BANF. FMR LLC lifted its holdings in shares of BancFirst by 11.0% during the 3rd quarter. FMR LLC now owns 66,533 shares of the bank's stock worth $7,003,000 after acquiring an additional 6,599 shares during the period. BNP Paribas Financial Markets raised its stake in BancFirst by 15.8% during the third quarter. BNP Paribas Financial Markets now owns 7,657 shares of the bank's stock worth $806,000 after purchasing an additional 1,047 shares during the period. State Street Corp boosted its holdings in shares of BancFirst by 12.4% in the 3rd quarter. State Street Corp now owns 872,101 shares of the bank's stock valued at $92,187,000 after purchasing an additional 96,483 shares during the last quarter. Barclays PLC grew its stake in shares of BancFirst by 94.6% during the 3rd quarter. Barclays PLC now owns 56,136 shares of the bank's stock valued at $5,908,000 after buying an additional 27,295 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of BancFirst by 13.7% during the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock worth $50,823,000 after buying an additional 58,016 shares during the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, EVP Darryl Schmidt sold 5,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was 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 approximately $5,317,421.84. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William Scott Martin sold 10,000 shares of the 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 $25,553,265.87. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $2,994,350 in the last 90 days. 33.89% of the stock is owned by company insiders.

BancFirst Trading Up 1.3 %

Shares of BancFirst stock traded up $1.33 during trading hours on Tuesday, hitting $105.40. The company's stock had a trading volume of 38,483 shares, compared to its average volume of 100,876. 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 company has a market capitalization of $3.50 billion, a PE ratio of 16.37 and a beta of 0.82. The business has a fifty day moving average of $112.44 and a 200 day moving average of $115.68. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29.

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

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst's dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a research report on Monday.

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.