Crestline Management LP Buys New Stake in BancFirst Co. (NASDAQ:BANF)

Crestline Management LP bought a new stake in BancFirst Co. (NASDAQ:BANF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,273 shares of the bank's stock, valued at approximately $384,000.

Other institutional investors have also modified their holdings of the company. Cibc World Markets Corp acquired a new position in BancFirst during the fourth quarter worth $218,000. Vanguard Group Inc. boosted its position in BancFirst by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock worth $270,241,000 after purchasing an additional 44,563 shares in the last quarter. Principal Financial Group Inc. boosted its position in BancFirst by 40.2% during the third 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 in the last quarter. JPMorgan Chase & Co. boosted its position in BancFirst by 33.8% during 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 boosted its position in BancFirst by 189.8% during the fourth quarter. Amundi now owns 10,514 shares of the bank's stock worth $1,200,000 after purchasing an additional 6,886 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

Insider Activity at BancFirst

In related news, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 214,499 shares of the company's stock, valued at approximately $25,553,265.87. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 32.43% of the stock is currently owned by company insiders.

BancFirst Trading Up 0.2%

NASDAQ BANF traded up $0.30 during trading hours on Friday, hitting $128.54. 28,754 shares of the company's stock were exchanged, compared to its average volume of 110,011. The business's 50 day moving average is $112.98 and its 200-day moving average is $117.46. BancFirst Co. has a 12-month low of $81.56 and a 12-month high of $132.29. The firm has a market capitalization of $4.27 billion, a P/E ratio of 19.96 and a beta of 0.78. 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 (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. As a group, analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 31st. BancFirst's dividend payout ratio is currently 27.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a research report on Monday.

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.