NewEdge Wealth LLC Has $1.94 Million Stake in BancFirst Co. (NASDAQ:BANF)

NewEdge Wealth LLC lowered its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,543 shares of the bank's stock after selling 3,327 shares during the period. NewEdge Wealth LLC's holdings in BancFirst were worth $1,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BANF. Blue Trust Inc. grew its position in shares of BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock valued at $41,000 after acquiring an additional 99 shares during the period. Sanctuary Advisors LLC grew its position in shares of BancFirst by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock valued at $338,000 after acquiring an additional 110 shares during the period. Victory Capital Management Inc. grew its position in shares of BancFirst by 2.9% in the 3rd quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank's stock valued at $953,000 after acquiring an additional 253 shares during the period. Los Angeles Capital Management LLC grew its position in shares of BancFirst by 1.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 20,056 shares of the bank's stock valued at $2,350,000 after acquiring an additional 331 shares during the period. Finally, KBC Group NV grew its position in shares of BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after acquiring an additional 536 shares during the period. Institutional investors own 51.72% of the company's stock.

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Insider Activity

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the sale, the director now directly owns 6,000 shares of the company's stock, valued at approximately $707,820. The trade was a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction that occurred 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 sale, the executive vice president now directly owns 33,000 shares in the company, valued at $4,174,500. This trade represents a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,000 shares of company stock worth $3,500,350. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Stock Performance

BancFirst stock traded up $0.21 during midday trading on Wednesday, hitting $115.17. The company's stock had a trading volume of 85,406 shares, compared to its average volume of 90,559. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. 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 company has a 50-day moving average price of $118.39 and a two-hundred day moving average price of $115.02. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 17.88 and a beta of 1.05.

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

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst's payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

BANF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Monday.

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.