KLP Kapitalforvaltning AS Purchases New Position in BancFirst Co. (NASDAQ:BANF)

KLP Kapitalforvaltning AS acquired a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,500 shares of the bank's stock, valued at approximately $529,000.

Several other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC lifted its position in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock valued at $101,000 after acquiring an additional 89 shares during the period. Sanctuary Advisors LLC grew its holdings in shares of BancFirst by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock worth $338,000 after buying an additional 110 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of BancFirst by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank's stock valued at $1,845,000 after buying an additional 184 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock valued at $38,000 after buying an additional 191 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of BancFirst by 1.1% during the fourth quarter. American Century Companies Inc. now owns 21,979 shares of the bank's stock valued at $2,576,000 after buying an additional 232 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

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BancFirst Trading Down 1.0 %

NASDAQ:BANF traded down $0.99 during mid-day trading on Tuesday, reaching $102.08. The company's stock had a trading volume of 137,803 shares, compared to its average volume of 100,497. 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 cap of $3.39 billion, a P/E ratio of 15.85 and a beta of 0.82. The company's fifty day simple moving average is $113.85 and its two-hundred day simple moving average is $115.68. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last released its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) 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, equities analysts predict that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.80%. BancFirst's payout ratio is 28.57%.

Insider Transactions at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the company's 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 completion of the sale, the director now directly owns 214,499 shares in the company, valued at $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Darryl Schmidt sold 5,000 shares of the firm'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 completion of the transaction, the executive vice president now owns 43,564 shares in the company, valued at approximately $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. Insiders sold a total of 25,000 shares of company stock worth $2,994,350 in the last ninety days. Insiders own 33.89% of the company's stock.

Analysts Set New Price Targets

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

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.