Quest Partners LLC reduced its stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 90.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 773 shares of the bank's stock after selling 7,569 shares during the period. Quest Partners LLC's holdings in BancFirst were worth $81,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in BancFirst in the first quarter worth approximately $214,000. Price T Rowe Associates Inc. MD raised its holdings in shares of BancFirst by 9.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,104 shares of the bank's stock valued at $802,000 after purchasing an additional 776 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of BancFirst by 87.5% in the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank's stock valued at $1,874,000 after purchasing an additional 9,936 shares during the last quarter. SG Americas Securities LLC boosted its holdings in BancFirst by 367.6% in the second quarter. SG Americas Securities LLC now owns 7,299 shares of the bank's stock worth $640,000 after purchasing an additional 5,738 shares in the last quarter. Finally, Curated Wealth Partners LLC increased its position in BancFirst by 180.4% during the second quarter. Curated Wealth Partners LLC now owns 2,433 shares of the bank's stock worth $213,000 after buying an additional 5,460 shares during the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other BancFirst news, Director William Scott Martin sold 24,607 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $124.70, for a total value of $3,068,492.90. Following the sale, the director now owns 224,499 shares of the company's stock, valued at $27,995,025.30. The trade was a 9.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Main Street Banking Partners L sold 22,114 shares of the firm's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the transaction, the insider now directly owns 4,958,095 shares of the company's stock, valued at $522,880,698.70. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 160,468 shares of company stock valued at $18,656,436 over the last three months. 33.89% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on BANF. StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. DA Davidson increased their price target on BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, October 21st.
Check Out Our Latest Analysis on BANF
BancFirst Stock Performance
Shares of NASDAQ BANF traded down $1.08 during trading hours on Friday, hitting $126.28. 55,017 shares of the company's stock were exchanged, compared to its average volume of 85,287. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. The company's 50-day moving average price is $113.38 and its 200-day moving average price is $101.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. 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 posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. The company had revenue of $163.67 million during the quarter, compared to analysts' expectations of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, sell-side analysts expect that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.
BancFirst Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.46%. The ex-dividend date is Tuesday, December 31st. BancFirst's payout ratio is presently 29.58%.
About BancFirst
(
Free Report)
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.
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