BancFirst Co. (NASDAQ:BANF) Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,743 shares of the bank’s stock after purchasing an additional 184 shares during the quarter. Thrivent Financial for Lutherans’ holdings in BancFirst were worth $1,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Intech Investment Management LLC acquired a new stake in BancFirst in the 3rd quarter valued at approximately $671,000. Charles Schwab Investment Management Inc. boosted its holdings in BancFirst by 16.1% during 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 during the period. Citigroup Inc. boosted its holdings in BancFirst by 39.1% during the 3rd quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock valued at $3,906,000 after acquiring an additional 10,425 shares during the period. D.A. Davidson & CO. purchased a new stake in BancFirst during the third quarter worth about $234,000. Finally, FMR LLC increased its stake in BancFirst by 11.0% during the third quarter. FMR LLC now owns 66,533 shares of the bank’s stock worth $7,003,000 after purchasing an additional 6,599 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

BancFirst Trading Down 1.7 %

Shares of NASDAQ:BANF opened at $109.51 on Friday. The company has a market cap of $3.64 billion, a PE ratio of 17.00 and a beta of 1.03. The company’s 50 day moving average is $116.26 and its two-hundred day moving average is $115.77. BancFirst Co. has a 52 week low of $81.21 and a 52 week 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.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

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 given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analyst Weigh In

BANF has been the topic of a number of research reports. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods upped their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a 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.