Teacher Retirement System of Texas Buys 3,128 Shares of BancFirst Co. (NASDAQ:BANF)

Teacher Retirement System of Texas lifted its position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,489 shares of the bank's stock after purchasing an additional 3,128 shares during the period. Teacher Retirement System of Texas owned 0.06% of BancFirst worth $2,518,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BANF. Raymond James Financial Inc. purchased a new stake in BancFirst in the 4th quarter worth approximately $11,958,000. State Street Corp raised its holdings in shares of BancFirst by 12.4% during the third quarter. State Street Corp now owns 872,101 shares of the bank's stock valued at $92,187,000 after acquiring an additional 96,483 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock valued at $50,823,000 after acquiring an additional 58,016 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in BancFirst in the fourth quarter valued at $4,859,000. Finally, Proficio Capital Partners LLC purchased a new position in BancFirst during the 4th quarter valued at $4,344,000. 51.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BANF has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their target price 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 upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, March 3rd.

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BancFirst Stock Down 1.7 %

BANF traded down $1.93 during trading on Friday, reaching $109.51. The stock had a trading volume of 56,497 shares, compared to its average volume of 98,318. 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 company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 17.00 and a beta of 1.03. The stock's 50 day moving average is $116.26 and its two-hundred day moving average is $115.84. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29.

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

BancFirst Announces Dividend

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

Insider Activity at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total transaction of $610,300.00. Following the completion of the transaction, the executive vice president now directly owns 43,564 shares of the company's stock, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock valued at $2,994,350 in the last 90 days. Corporate insiders own 33.89% of the company's stock.

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.