Steward Partners Investment Advisory LLC Acquires 744 Shares of BancFirst Co. (NASDAQ:BANF)

Steward Partners Investment Advisory LLC lifted its position in shares of BancFirst Co. (NASDAQ:BANF) by 30.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,192 shares of the bank’s stock after purchasing an additional 744 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BancFirst were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after acquiring an additional 191 shares during the last quarter. KBC Group NV raised its position in BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after buying an additional 536 shares during the last quarter. Quantbot Technologies LP grew 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 purchasing an additional 666 shares during the period. Retirement Investment Advisors Inc. bought a new position in BancFirst in the 3rd quarter valued at $200,000. Finally, Kolinsky Wealth Management LLC bought a new position in shares of BancFirst during the 3rd quarter worth $210,000. 51.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods raised their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

BancFirst Price Performance

Shares of BANF stock opened at $109.24 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The firm has a market cap of $3.63 billion, a P/E ratio of 16.96 and a beta of 1.03. The business’s 50 day moving average price is $117.43 and its 200-day moving average price is $115.28.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data 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 return on equity of 14.21% and a net margin of 23.52%. On average, equities research analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

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 paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, March 31st. BancFirst’s dividend payout ratio is currently 28.57%.

Insider Transactions at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at $723,480. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $2,994,350 over the last quarter. 33.89% of the stock is currently owned by insiders.

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.