Bank of New York Mellon Corp Trims Holdings in BancFirst Co. (NASDAQ:BANF)

Bank of New York Mellon Corp trimmed its position in shares of BancFirst Co. (NASDAQ:BANF) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 186,098 shares of the bank’s stock after selling 4,757 shares during the quarter. Bank of New York Mellon Corp owned about 0.56% of BancFirst worth $21,807,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BANF. Sanctuary Advisors LLC lifted its stake in shares of BancFirst by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after purchasing an additional 110 shares during the period. Victory Capital Management Inc. lifted its position in shares of 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 last quarter. KBC Group NV raised its holdings in shares of BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after acquiring an additional 536 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of BancFirst by 24.9% in the third quarter. Mutual of America Capital Management LLC now owns 2,979 shares of the bank’s stock valued at $314,000 after acquiring an additional 593 shares in the last quarter. Finally, Quantbot Technologies LP grew its stake in BancFirst by 83.5% in the third 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 last quarter. Institutional investors own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the transaction, the executive vice president now directly owns 43,564 shares in the company, valued at approximately $5,317,421.84. This trade represents a 10.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the transaction, the director now owns 214,499 shares in the company, valued at $25,553,265.87. This trade represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,000 shares of company stock valued at $3,500,350 in the last quarter. Corporate insiders own 33.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BANF. Keefe, Bruyette & Woods boosted their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd.

BancFirst Stock Performance

NASDAQ BANF opened at $108.28 on Tuesday. The stock has a market cap of $3.60 billion, a PE ratio of 16.81 and a beta of 1.03. 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 Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The stock has a fifty day simple moving average of $117.76 and a 200-day simple moving average of $115.32.

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

BancFirst Dividend Announcement

The business 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Monday, March 31st. BancFirst’s dividend payout ratio is currently 28.57%.

BancFirst Company 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.