Proficio Capital Partners LLC Takes Position in BancFirst Co. (NASDAQ:BANF)

Proficio Capital Partners LLC bought a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,069 shares of the bank's stock, valued at approximately $4,344,000. Proficio Capital Partners LLC owned 0.11% of BancFirst as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Citigroup Inc. boosted its position in BancFirst by 39.1% during the third quarter. Citigroup Inc. now owns 37,107 shares of the bank's stock worth $3,906,000 after purchasing an additional 10,425 shares during the period. Sanctuary Advisors LLC boosted its position in shares of BancFirst by 3.5% in the third 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. Principal Financial Group Inc. boosted its position in shares of BancFirst by 40.2% in the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank's stock valued at $10,659,000 after acquiring an additional 29,050 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank's stock valued at $13,599,000 after acquiring an additional 32,636 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock valued at $50,823,000 after acquiring an additional 58,016 shares during the period. Institutional investors own 51.72% of the company's stock.

Remove Ads

Insider Buying and Selling

In other news, Director William Scott Martin sold 10,000 shares of the business'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 transaction, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the director now 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 a total of 25,000 shares of company stock worth $2,994,350 over the last three months. 33.89% of the stock is currently owned by company insiders.

BancFirst Price Performance

BancFirst stock traded down $0.01 during mid-day trading on Friday, hitting $109.61. 449,083 shares of the company were exchanged, compared to its average volume of 93,377. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The company has a market capitalization of $3.64 billion, a PE ratio of 17.02 and a beta of 1.03. 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 business has a fifty day moving average of $116.84 and a 200 day moving average of $115.39.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.68%. BancFirst's payout ratio is 28.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price objective on 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 BancFirst from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd.

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.