Sei Investments Co. Purchases 1,328 Shares of BancFirst Co. (NASDAQ:BANF)

Sei Investments Co. raised its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,819 shares of the bank’s stock after buying an additional 1,328 shares during the period. Sei Investments Co. owned about 0.07% of BancFirst worth $2,908,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of BANF. Cibc World Markets Corp bought a new stake in BancFirst during the 4th quarter valued at about $218,000. Sanctuary Advisors LLC raised its stake in shares of BancFirst by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock valued at $338,000 after acquiring an additional 110 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of BancFirst by 40.2% in the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after purchasing an additional 29,050 shares during the period. JPMorgan Chase & Co. grew its stake in BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock worth $13,599,000 after purchasing an additional 32,636 shares in the last quarter. Finally, Amundi increased its holdings in BancFirst by 189.8% during the 4th quarter. Amundi now owns 10,514 shares of the bank’s stock worth $1,200,000 after purchasing an additional 6,886 shares during the period. Institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a report on Friday.

BancFirst Price Performance

NASDAQ BANF opened at $100.43 on Friday. The company has a market cap of $3.34 billion, a PE ratio of 15.59 and a beta of 0.82. The firm’s 50 day moving average price is $114.85 and its 200-day moving average price is $115.75. 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 52-week low of $81.21 and a 52-week high of $132.29.

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, 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%. Sell-side analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

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 given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst’s payout ratio is 28.57%.

Insider Activity

In other news, 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 owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This trade represents a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the company’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 transaction, the director now directly owns 6,000 shares in the company, valued at $723,480. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,000 shares of company stock worth $2,994,350. Corporate insiders own 33.89% of the company’s stock.

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.