State Street Corp Purchases 96,483 Shares of BancFirst Co. (NASDAQ:BANF)

State Street Corp raised its position in BancFirst Co. (NASDAQ:BANF - Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 872,101 shares of the bank's stock after acquiring an additional 96,483 shares during the period. State Street Corp owned approximately 2.63% of BancFirst worth $92,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BancFirst Trust & Investment Management increased its position in shares of BancFirst by 50.8% in the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank's stock valued at $177,936,000 after buying an additional 573,224 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of BancFirst in the 3rd quarter valued at approximately $112,370,000. Millennium Management LLC boosted its holdings in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank's stock valued at $5,053,000 after buying an additional 48,006 shares in the last quarter. Principal Financial Group Inc. boosted its holdings 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of BancFirst by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank's stock worth $20,242,000 after acquiring an additional 26,707 shares during the period. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Dennis L. Brand sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the transaction, the executive vice president now directly owns 33,000 shares of the company's stock, valued at $4,174,500. This represents a 10.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David E. Rainbolt sold 5,601 shares of the company's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $110.21, for a total transaction of $617,286.21. Following the sale, the director now owns 208,723 shares in the company, valued at $23,003,361.83. The trade was a 2.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,150 shares of company stock valued at $15,442,825. Insiders own 33.89% of the company's stock.

Analyst Upgrades and Downgrades

BANF has been the subject of several recent research reports. StockNews.com upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. DA Davidson lifted 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. Finally, Keefe, Bruyette & Woods lifted 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.

BancFirst Trading Down 2.7 %

Shares of BANF traded down $3.41 during trading hours on Tuesday, hitting $123.86. 90,123 shares of the stock traded hands, compared to its average volume of 84,972. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The business has a fifty day moving average of $118.58 and a 200-day moving average of $104.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.10 billion, a PE ratio of 20.46 and a beta of 1.05.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The firm had revenue of $163.67 million for the quarter, compared to analyst estimates of $156.70 million. Analysts expect that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst's payout ratio is 29.58%.

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.