1,747 Shares in BancFirst Co. (NASDAQ:BANF) Purchased by M&T Bank Corp

M&T Bank Corp purchased a new stake in BancFirst Co. (NASDAQ:BANF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,747 shares of the bank’s stock, valued at approximately $205,000.

A number of other large investors have also recently modified their holdings of the business. State Street Corp raised its stake in BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock valued at $92,187,000 after purchasing an additional 96,483 shares in the last quarter. Geode Capital Management LLC raised its position in shares of BancFirst by 13.7% during the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after buying an additional 58,016 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of BancFirst during the 4th quarter worth $4,344,000. Hodges Capital Management Inc. grew its position in BancFirst by 81.6% in the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank’s stock worth $8,554,000 after acquiring an additional 32,800 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after acquiring an additional 32,636 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In other news, EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total transaction of $610,300.00. Following the transaction, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock worth $2,994,350. 33.89% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BANF. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upped their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

BancFirst Stock Up 2.1 %

BANF opened at $111.56 on Friday. BancFirst Co. has a 12 month low of $81.21 and a 12 month 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 business’s 50-day moving average price is $117.18 and its 200-day moving average price is $115.34. The company has a market cap of $3.71 billion, a P/E ratio of 17.32 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share 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%. On average, equities analysts expect that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Monday, March 31st. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

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.