Alpine Global Management LLC Acquires Shares of 6,890 BancFirst Co. (NASDAQ:BANF)

Alpine Global Management LLC acquired a new position in BancFirst Co. (NASDAQ:BANF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,890 shares of the bank's stock, valued at approximately $807,000.

Other large investors also recently added to or reduced their stakes in the company. Stifel Financial Corp raised its position in BancFirst by 0.4% during the fourth quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock valued at $4,453,000 after buying an additional 155 shares during the period. State of Tennessee Department of Treasury lifted its position in shares of BancFirst by 23.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 10,168 shares of the bank's stock worth $1,191,000 after purchasing an additional 1,926 shares in the last quarter. Tower Research Capital LLC TRC grew its position in BancFirst by 200.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,846 shares of the bank's stock valued at $216,000 after purchasing an additional 1,232 shares in the last quarter. MetLife Investment Management LLC increased its stake in BancFirst by 3.9% in the 4th quarter. MetLife Investment Management LLC now owns 11,911 shares of the bank's stock valued at $1,396,000 after buying an additional 444 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of BancFirst by 19.2% during the 4th quarter. First Trust Advisors LP now owns 89,988 shares of the bank's stock valued at $10,545,000 after buying an additional 14,480 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut BancFirst from a "hold" rating to a "sell" rating in a research report on Tuesday, April 22nd.

Insider Buying and Selling at BancFirst

In other 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 transaction of $610,300.00. Following the sale, the executive vice president now owns 43,564 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction 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 completion of the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock valued at $2,994,350 in the last 90 days. 32.43% of the stock is currently owned by insiders.

BancFirst Stock Down 0.9 %

NASDAQ BANF traded down $1.03 during trading on Friday, hitting $118.12. 82,779 shares of the company traded hands, compared to its average volume of 102,317. BancFirst Co. has a 12 month low of $81.56 and a 12 month high of $132.29. The business has a fifty day simple moving average of $111.09 and a 200 day simple moving average of $116.24. The company has a market capitalization of $3.93 billion, a P/E ratio of 18.34 and a beta of 0.82. 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 (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The company had revenue of $164.84 million for the quarter, compared to the consensus estimate of $161.72 million. As a group, sell-side analysts predict that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. BancFirst's dividend payout ratio is presently 27.84%.

About BancFirst

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.