BancFirst Trust & Investment Management Acquires 45,629 Shares of BancFirst Co. (NASDAQ:BANF)

BancFirst Trust & Investment Management boosted its holdings in shares of BancFirst Co. (NASDAQ:BANFFree Report) by 4.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,127,415 shares of the bank’s stock after buying an additional 45,629 shares during the quarter. BancFirst accounts for about 46.8% of BancFirst Trust & Investment Management’s portfolio, making the stock its largest holding. BancFirst Trust & Investment Management owned about 3.42% of BancFirst worth $99,246,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rafferty Asset Management LLC boosted its stake in shares of BancFirst by 69.4% in the fourth quarter. Rafferty Asset Management LLC now owns 17,978 shares of the bank’s stock worth $1,750,000 after buying an additional 7,364 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of BancFirst by 32.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,551 shares of the bank’s stock valued at $248,000 after purchasing an additional 629 shares in the last quarter. Quest Partners LLC acquired a new position in shares of BancFirst in the 4th quarter valued at $305,000. D.A. Davidson & CO. acquired a new stake in BancFirst during the fourth quarter valued at $216,000. Finally, Norges Bank acquired a new position in shares of BancFirst in the fourth quarter worth about $23,802,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BancFirst

In other news, EVP Dennis Jay Hannah sold 5,496 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the transaction, the executive vice president now directly owns 10,714 shares of the company’s stock, valued at $988,152.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Kevin Lawrence sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $900,000. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Dennis Jay Hannah sold 5,496 shares of the firm’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $92.23, for a total transaction of $506,896.08. Following the sale, the executive vice president now owns 10,714 shares of the company’s stock, valued at $988,152.22. The disclosure for this sale can be found here. Insiders sold 16,000 shares of company stock valued at $1,453,360 over the last 90 days. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Price Performance

NASDAQ BANF traded up $0.30 during trading hours on Tuesday, reaching $84.25. The company’s stock had a trading volume of 4,923 shares, compared to its average volume of 61,518. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.95. BancFirst Co. has a 1-year low of $79.99 and a 1-year high of $104.00. The company’s 50-day moving average is $87.38 and its two-hundred day moving average is $89.23. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 13.68 and a beta of 1.05.

BancFirst (NASDAQ:BANFGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The bank reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. BancFirst had a net margin of 24.65% and a return on equity of 14.62%. The firm had revenue of $151.00 million for the quarter, compared to analysts’ expectations of $147.75 million. On average, equities analysts predict that BancFirst Co. will post 5.8 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.72 annualized dividend and a yield of 2.04%. BancFirst’s dividend payout ratio (DPR) is presently 28.10%.

About BancFirst

(Free Report)

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.

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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