Raymond James Financial Inc. Takes $11.96 Million Position in BancFirst Co. (NASDAQ:BANF)

Raymond James Financial Inc. bought a new position in BancFirst Co. (NASDAQ:BANF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 102,046 shares of the bank's stock, valued at approximately $11,958,000. Raymond James Financial Inc. owned 0.31% of BancFirst as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its stake in BancFirst by 12.4% in the 3rd quarter. State Street Corp now owns 872,101 shares of the bank's stock worth $92,187,000 after acquiring an additional 96,483 shares during the period. Geode Capital Management LLC grew its stake in BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock worth $50,823,000 after acquiring an additional 58,016 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of BancFirst by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank's stock valued at $20,242,000 after buying an additional 26,707 shares during the period. JPMorgan Chase & Co. grew its stake in shares of BancFirst by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank's stock valued at $13,599,000 after buying an additional 32,636 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of BancFirst by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock valued at $12,333,000 after buying an additional 3,972 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at BancFirst

In other BancFirst news, EVP Darryl Schmidt sold 5,000 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the transaction, the executive vice president now owns 43,564 shares in the company, valued at $5,317,421.84. The trade was a 10.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business's stock in a transaction on 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 owns 214,499 shares in the company, valued at $25,553,265.87. This represents a 4.45 % 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. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Stock Down 0.0 %

Shares of NASDAQ:BANF traded down $0.01 during midday trading on Friday, hitting $109.61. 455,196 shares of the company's stock traded hands, compared to its average volume of 93,601. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $3.64 billion, a PE ratio of 17.02 and a beta of 1.03. The firm's fifty day moving average price is $116.81 and its two-hundred day moving average price is $115.49. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research note 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.