Envestnet Asset Management Inc. Acquires 7,904 Shares of BancFirst Co. (NASDAQ:BANF)

Envestnet Asset Management Inc. grew its stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 37.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,857 shares of the bank's stock after buying an additional 7,904 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of BancFirst worth $3,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock worth $38,000 after purchasing an additional 191 shares during the period. AlphaQuest LLC raised its stake in shares of BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after buying an additional 89 shares in the last quarter. KBC Group NV raised its stake in shares of BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock worth $136,000 after buying an additional 536 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of BancFirst by 12.4% in the fourth quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock valued at $197,000 after buying an additional 186 shares during the period. Finally, M&T Bank Corp bought a new position in BancFirst during the fourth quarter valued at about $205,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $723,480. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction dated 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 directly owns 214,499 shares of the company's stock, valued at $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 sold 20,000 shares of company stock valued at $2,404,500 over the last three months. 32.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

BancFirst Price Performance

Shares of NASDAQ BANF traded down $1.49 during trading on Wednesday, hitting $117.82. The company had a trading volume of 125,056 shares, compared to its average volume of 102,255. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29. The business's 50-day moving average is $111.14 and its 200 day moving average is $116.45. The company has a market cap of $3.92 billion, a P/E ratio of 18.30 and a beta of 0.82. 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 released its earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Equities research analysts predict that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.46 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. BancFirst's dividend payout ratio is 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.