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

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BANF. KBC Group NV raised its position in shares of BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after purchasing an additional 536 shares during the period. Quantbot Technologies LP raised its position in shares of BancFirst by 83.5% in the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank's stock valued at $154,000 after purchasing an additional 666 shares during the period. Retirement Investment Advisors Inc. bought a new position in BancFirst during the third quarter worth about $200,000. Kolinsky Wealth Management LLC bought a new position in BancFirst during the third quarter worth about $210,000. Finally, D.A. Davidson & CO. bought a new position in BancFirst during the third quarter worth about $234,000. 51.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on BANF. Keefe, Bruyette & Woods raised their price target on shares of BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, March 3rd.

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Insider Activity

In other news, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were 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 in the company, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction of $589,850.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at approximately $707,820. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,000 shares of company stock worth $3,500,350. Corporate insiders own 33.89% of the company's stock.

BancFirst Price Performance

BancFirst stock traded down $0.31 during trading hours on Friday, reaching $112.78. 176,079 shares of the stock were exchanged, compared to its average volume of 91,177. The company has a market cap of $3.75 billion, a P/E ratio of 17.51 and a beta of 1.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The stock has a 50 day moving average of $118.13 and a two-hundred day moving average of $115.01.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Equities analysts expect that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.46 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. BancFirst's payout ratio is currently 28.57%.

About BancFirst

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.