Smartleaf Asset Management LLC Purchases 191 Shares of BancFirst Co. (NASDAQ:BANF)

Smartleaf Asset Management LLC increased its position in BancFirst Co. (NASDAQ:BANF) by 155.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314 shares of the bank’s stock after purchasing an additional 191 shares during the period. Smartleaf Asset Management LLC’s holdings in BancFirst were worth $38,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BANF. KBC Group NV lifted its stake 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 buying an additional 536 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of BancFirst by 83.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock worth $154,000 after acquiring an additional 666 shares during the last quarter. Retirement Investment Advisors Inc. bought a new position in BancFirst in the 3rd quarter valued at about $200,000. Kolinsky Wealth Management LLC acquired a new position in BancFirst during the 3rd quarter valued at about $210,000. Finally, D.A. Davidson & CO. bought a new stake in BancFirst during the 3rd quarter worth approximately $234,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Price Performance

Shares of NASDAQ BANF opened at $108.45 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.60 billion, a PE ratio of 16.84 and a beta of 1.03. The stock’s 50 day moving average price is $117.59 and its 200-day moving average price is $115.33. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29.

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

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 1.70%. BancFirst’s payout ratio is currently 28.57%.

Insider Buying and Selling

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 shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the sale, the executive vice president now owns 43,564 shares of the company’s stock, valued at $5,317,421.84. The trade was a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares in the company, 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 90 days, insiders sold 29,000 shares of company stock worth $3,500,350. Insiders own 33.89% of the company’s stock.

Analyst Upgrades and Downgrades

BANF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd.

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.