Sanctuary Advisors LLC Grows Position in BancFirst Co. (NASDAQ:BANF)

Sanctuary Advisors LLC boosted its stake in BancFirst Co. (NASDAQ:BANF) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,214 shares of the bank’s stock after buying an additional 110 shares during the period. Sanctuary Advisors LLC’s holdings in BancFirst were worth $338,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BancFirst in the 3rd quarter worth approximately $38,000. Blue Trust Inc. grew its stake in shares of BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of BancFirst by 64.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock valued at $73,000 after buying an additional 328 shares during the period. Point72 DIFC Ltd acquired a new position in BancFirst during the 2nd quarter worth about $77,000. Finally, nVerses Capital LLC purchased a new position in BancFirst during the 3rd quarter valued at about $105,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Stock Performance

Shares of BancFirst stock opened at $119.89 on Friday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.27 and a beta of 1.05. The firm’s fifty day simple moving average is $120.63 and its 200-day simple moving average is $106.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29.

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

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis Jay Hannah sold 10,543 shares of BancFirst stock in a transaction on 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 owns 1,564 shares in the company, valued at $197,971.12. This trade represents a 87.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the sale, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. This trade represents a 10.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 129,150 shares of company stock valued at $15,442,825. 33.89% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. DA Davidson boosted their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Finally, Keefe, Bruyette & Woods lifted their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 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.