Fmr LLC Grows Stock Position in BancFirst Co. (NASDAQ:BANF)

Fmr LLC grew its position in shares of BancFirst Co. (NASDAQ:BANF) by 11.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,533 shares of the bank’s stock after buying an additional 6,599 shares during the period. Fmr LLC owned 0.20% of BancFirst worth $7,003,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BANF. Advantage Alpha Capital Partners LP boosted its holdings in BancFirst by 33.3% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 5,137 shares of the bank’s stock valued at $541,000 after purchasing an additional 1,284 shares during the period. D.A. Davidson & CO. bought a new stake in BancFirst during the third quarter valued at $234,000. Algert Global LLC grew its position in BancFirst by 38.1% during the third quarter. Algert Global LLC now owns 15,805 shares of the bank’s stock worth $1,663,000 after buying an additional 4,360 shares in the last quarter. Citigroup Inc. increased its stake in BancFirst by 39.1% in the 3rd quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock worth $3,906,000 after acquiring an additional 10,425 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 26,707 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis Jay Hannah sold 10,543 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $126.58, for a total value of $1,334,532.94. Following the transaction, the executive vice president now directly owns 1,564 shares in the company, valued at $197,971.12. This represents a 87.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Scott Martin sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total value of $567,500.00. Following the transaction, the director now owns 306,904 shares in the company, valued at approximately $34,833,604. This represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,150 shares of company stock valued at $15,442,825 over the last ninety days. 33.89% of the stock is currently owned by company insiders.

BancFirst Price Performance

NASDAQ BANF opened at $126.63 on Friday. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29. The stock has a 50-day moving average of $117.63 and a 200 day moving average of $104.14. 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 company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 20.36 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, sell-side analysts forecast that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.46 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.45%. BancFirst’s payout ratio is presently 29.58%.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Keefe, Bruyette & Woods boosted their target price on 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 Thursday, November 7th. Finally, DA Davidson increased their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

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.