Wells Fargo & Company MN Has $28.13 Million Position in BancFirst Co. (NASDAQ:BANF)

Wells Fargo & Company MN lessened its position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,073 shares of the bank's stock after selling 13,872 shares during the quarter. Wells Fargo & Company MN owned approximately 0.72% of BancFirst worth $28,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BANF. Smartleaf Asset Management LLC raised its stake in shares of BancFirst by 155.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock valued at $38,000 after buying an additional 191 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after buying an additional 89 shares in the last quarter. KBC Group NV lifted its position in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock worth $136,000 after buying an additional 536 shares during the period. National Bank of Canada FI grew its position in BancFirst by 12.4% in the fourth quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock valued at $197,000 after acquiring an additional 186 shares during the period. Finally, M&T Bank Corp acquired a new position in BancFirst during the fourth quarter worth $205,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Price Performance

Shares of BancFirst stock traded up $1.93 during midday trading on Tuesday, reaching $106.00. The company had a trading volume of 80,245 shares, compared to its average volume of 101,038. The stock has a fifty day simple moving average of $112.44 and a 200 day simple moving average of $115.68. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. 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 $3.52 billion, a price-to-earnings ratio of 16.46 and a beta of 0.82.

Remove Ads

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, beating the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. As a group, equities research analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst's dividend payout ratio is 28.57%.

Insider Buying and Selling

In related news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $723,480. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Scott Martin sold 10,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 214,499 shares of the company's stock, valued at $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 a total of 25,000 shares of company stock valued at $2,994,350 over the last ninety days. Insiders own 33.89% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday.

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.