Vanguard Group Inc. Grows Holdings in BancFirst Co. (NASDAQ:BANF)

Vanguard Group Inc. boosted its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,306,204 shares of the bank's stock after acquiring an additional 44,563 shares during the period. Vanguard Group Inc. owned 6.96% of BancFirst worth $270,241,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BANF. Charles Schwab Investment Management Inc. grew 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 valued at $20,242,000 after purchasing an additional 26,707 shares during the last quarter. FMR LLC grew its position in BancFirst by 11.0% in the 3rd quarter. FMR LLC now owns 66,533 shares of the bank's stock valued at $7,003,000 after buying an additional 6,599 shares during the last quarter. Quantbot Technologies LP increased its stake in BancFirst by 83.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,464 shares of the bank's stock valued at $154,000 after buying an additional 666 shares during the period. BNP Paribas Financial Markets raised its position in BancFirst by 15.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,657 shares of the bank's stock worth $806,000 after buying an additional 1,047 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of 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. Institutional investors and hedge funds own 51.72% of the company's stock.

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Insider Activity at BancFirst

In related news, EVP Darryl Schmidt sold 5,000 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the transaction, the executive vice president now owns 43,564 shares of the company's stock, valued at approximately $5,317,421.84. The trade was a 10.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now 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 disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $2,994,350 in the last ninety days. Corporate insiders own 33.89% of the company's stock.

BancFirst Price Performance

NASDAQ:BANF traded up $6.21 during trading hours on Wednesday, hitting $108.29. The company's stock had a trading volume of 140,260 shares, compared to its average volume of 100,913. BancFirst Co. has a 52-week low of $81.21 and a 52-week high of $132.29. 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 business's 50-day moving average is $113.42 and its two-hundred day moving average is $115.64. The company has a market capitalization of $3.60 billion, a PE ratio of 16.82 and a beta of 0.82.

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

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Monday, March 31st. BancFirst's dividend payout ratio is currently 28.57%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of BancFirst from a "hold" rating to a "sell" rating in a report on Friday, April 4th.

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.