By otakuyassine3@gmail.com 
KLP Kapitalforvaltning AS acquired a new stake in BancFirst Co. (NASDAQ:BANF – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,500 shares of the bank’s stock, valued at approximately $529,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cibc World Markets Corp purchased a new stake in shares of BancFirst in the fourth quarter valued at about $218,000. Sanctuary Advisors LLC raised its position in shares of BancFirst by 3.5% during 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 last quarter. Principal Financial Group Inc. raised its position 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 worth $10,659,000 after purchasing an additional 29,050 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in BancFirst by 33.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after buying an additional 32,636 shares in the last quarter. Finally, Amundi grew its holdings in BancFirst by 189.8% during the 4th quarter. Amundi now owns 10,514 shares of the bank’s stock valued at $1,200,000 after buying an additional 6,886 shares during the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.
View Our Latest Stock Report on BancFirst
Insider Buying and Selling at BancFirst
In other news, Director William Scott Martin sold 10,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $707,820. This trade represents a 45.45 % decrease in their position. 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 in the last three months. Corporate insiders own 33.89% of the company’s stock.
BancFirst Price Performance
BancFirst stock opened at $102.14 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $3.39 billion, a price-to-earnings ratio of 15.86 and a beta of 1.03. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The firm has a 50 day moving average price of $115.22 and a 200 day moving average price of $115.79.
BancFirst (NASDAQ:BANF – Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Sell-side analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.
BancFirst Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 1.80%. BancFirst’s dividend payout ratio is presently 28.57%.
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.
Further Reading
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