Proficio Capital Partners LLC Makes New $4.34 Million Investment in BancFirst Co. (NASDAQ:BANF)

Proficio Capital Partners LLC bought a new stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. boosted its stake in shares of BancFirst by 39.1% during the third quarter. Citigroup Inc. now owns 37,107 shares of the bank's stock valued at $3,906,000 after purchasing an additional 10,425 shares during the period. Sanctuary Advisors LLC boosted its position in BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock valued at $338,000 after buying an additional 110 shares during the period. Principal Financial Group Inc. grew its holdings in BancFirst by 40.2% in the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank's stock worth $10,659,000 after acquiring an additional 29,050 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BancFirst by 33.8% during 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 last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock worth $50,823,000 after purchasing an additional 58,016 shares during the period. 51.72% of the stock is currently owned by institutional investors.

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Insider Activity

In other news, Director William Scott Martin sold 10,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares of the company's stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total value of $589,850.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at approximately $707,820. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,000 shares of company stock worth $2,994,350. Corporate insiders own 33.89% of the company's stock.

BancFirst Trading Down 0.7 %

BANF stock traded down $0.78 during trading on Tuesday, reaching $110.35. The company had a trading volume of 85,062 shares, compared to its average volume of 91,590. The business has a 50 day moving average of $116.99 and a 200 day moving average of $115.46. 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 market cap of $3.67 billion, a P/E ratio of 17.14 and a beta of 1.03. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29.

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

BancFirst Dividend Announcement

The firm also recently announced 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. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst's dividend payout ratio (DPR) is presently 28.57%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BANF. StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

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.