Liberty One Investment Management LLC Invests $660,000 in BancFirst Co. (NASDAQ:BANF)

Liberty One Investment Management LLC purchased a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,631 shares of the bank's stock, valued at approximately $660,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst during the third quarter worth about $38,000. Blue Trust Inc. increased its holdings in BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of BancFirst by 64.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank's stock valued at $73,000 after purchasing an additional 328 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of BancFirst during the 2nd quarter valued at approximately $77,000. Finally, nVerses Capital LLC bought a new stake in shares of BancFirst in the third quarter worth $105,000. Institutional investors and hedge funds own 51.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BANF shares. Keefe, Bruyette & Woods raised their price objective on shares of BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. DA Davidson boosted their price objective on BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a report on Thursday, November 7th.

BancFirst Stock Performance

Shares of NASDAQ BANF traded up $0.95 during midday trading on Monday, hitting $119.75. The company's stock had a trading volume of 112,645 shares, compared to its average volume of 88,421. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm's fifty day moving average price is $121.69 and its 200-day moving average price is $110.70. The firm has a market cap of $3.97 billion, a P/E ratio of 19.25 and a beta of 1.06. 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, October 17th. The bank reported $1.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts' expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. On average, sell-side analysts forecast that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.54%. BancFirst's dividend payout ratio (DPR) is presently 29.58%.

Insider Activity at BancFirst

In other news, major shareholder Main Street Banking Partners L sold 778 shares of the business's stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total value of $85,580.00. Following the sale, the insider now owns 4,941,772 shares of the company's stock, valued at approximately $543,594,920. The trade was a 0.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dennis L. Brand sold 4,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now owns 33,000 shares of the company's stock, valued at approximately $4,174,500. This trade represents a 10.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,998 shares of company stock worth $15,205,094 in the last 90 days. Corporate insiders own 33.89% of the company's stock.

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.