Vanguard Group Inc. Increases Position in BancFirst Co. (NASDAQ:BANF)

Vanguard Group Inc. boosted its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,149,673 shares of the bank’s stock after purchasing an additional 2,909 shares during the quarter. Vanguard Group Inc. owned approximately 6.53% of BancFirst worth $209,228,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BANF. FMR LLC lifted its position in shares of BancFirst by 1.9% during the 3rd quarter. FMR LLC now owns 60,290 shares of the bank’s stock valued at $5,229,000 after buying an additional 1,123 shares in the last quarter. Invesco Ltd. lifted its holdings in BancFirst by 32.4% during the third quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock valued at $7,621,000 after purchasing an additional 21,521 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of BancFirst by 2,433.1% in the third quarter. Tower Research Capital LLC TRC now owns 4,357 shares of the bank’s stock valued at $378,000 after purchasing an additional 4,185 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of BancFirst during the third quarter worth about $1,242,000. Finally, Alps Advisors Inc. raised its position in shares of BancFirst by 5.2% during the 3rd quarter. Alps Advisors Inc. now owns 3,841 shares of the bank’s stock worth $333,000 after purchasing an additional 191 shares during the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Trading Up 0.9 %

BANF stock opened at $87.82 on Wednesday. BancFirst Co. has a 12-month low of $79.99 and a 12-month high of $104.00. The business’s 50-day moving average is $87.48 and its 200 day moving average is $88.72. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 14.35 and a beta of 1.04.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, April 18th. The bank reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. BancFirst had a return on equity of 14.62% and a net margin of 24.65%. The firm had revenue of $151.00 million for the quarter, compared to analyst estimates of $147.75 million. On average, sell-side analysts anticipate that BancFirst Co. will post 5.8 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.72 annualized dividend and a yield of 1.96%. BancFirst’s dividend payout ratio is presently 28.10%.

Insider Buying and Selling at BancFirst

In other news, EVP Kevin Lawrence sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $900,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other BancFirst news, EVP Dennis Jay Hannah sold 5,496 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the transaction, the executive vice president now directly owns 10,714 shares in the company, valued at approximately $988,152.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin Lawrence sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $900,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,000 shares of company stock worth $1,453,360. Insiders own 33.89% of the company’s stock.

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.