Proficio Capital Partners LLC Buys Shares of 37,069 BancFirst Co. (NASDAQ:BANF)

Proficio Capital Partners LLC bought a new position in BancFirst Co. (NASDAQ:BANF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 37,069 shares of the bank’s stock, valued at approximately $4,344,000. Proficio Capital Partners LLC owned approximately 0.11% of BancFirst as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after acquiring an additional 29,050 shares during the last quarter. Victory Capital Management Inc. boosted its position in BancFirst by 2.9% during the third quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock worth $953,000 after purchasing an additional 253 shares during the period. Mutual of America Capital Management LLC boosted its position in BancFirst by 24.9% during the third quarter. Mutual of America Capital Management LLC now owns 2,979 shares of the bank’s stock worth $314,000 after purchasing an additional 593 shares during the period. Thrivent Financial for Lutherans grew its holdings in BancFirst by 29.1% during the third quarter. Thrivent Financial for Lutherans now owns 15,559 shares of the bank’s stock valued at $1,638,000 after purchasing an additional 3,509 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of BancFirst in the third quarter valued at approximately $671,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Darryl Schmidt sold 5,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the transaction, the executive vice president now owns 43,564 shares in the company, valued at approximately $5,317,421.84. This represents a 10.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the firm’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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $2,994,350 over the last three months. 33.89% of the stock is owned by corporate insiders.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $111.13 on Tuesday. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The company has a market cap of $3.69 billion, a P/E ratio of 17.26 and a beta of 1.03. The business’s 50 day moving average is $117.08 and its two-hundred day moving average is $115.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, equities analysts expect that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 1.66%. The ex-dividend date is Monday, March 31st. BancFirst’s payout ratio is presently 28.57%.

Wall Street Analysts Forecast Growth

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

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.