BancFirst Co. (NASDAQ:BANF) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC raised its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 43.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,700 shares of the bank's stock after purchasing an additional 5,700 shares during the quarter. Bridgeway Capital Management LLC owned 0.06% of BancFirst worth $2,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. AlphaQuest LLC grew its holdings in BancFirst by 11.5% during the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after acquiring an additional 89 shares during the period. Summit Investment Advisors Inc. increased its holdings in shares of BancFirst by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock valued at $244,000 after purchasing an additional 133 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of BancFirst by 0.4% in the fourth quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock valued at $4,453,000 after purchasing an additional 155 shares during the period. Thrivent Financial for Lutherans boosted its holdings in BancFirst by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank's stock worth $1,845,000 after buying an additional 184 shares in the last quarter. Finally, National Bank of Canada FI grew its position in BancFirst by 12.4% during the fourth quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock worth $197,000 after buying an additional 186 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

BancFirst Price Performance

BancFirst stock opened at $123.14 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm's 50-day simple moving average is $111.73 and its 200 day simple moving average is $116.95. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29. The firm has a market capitalization of $4.09 billion, a PE ratio of 19.12 and a beta of 0.78.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. The business had revenue of $164.84 million during the quarter, compared to analysts' expectations of $161.72 million. On average, equities research analysts predict that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. BancFirst's dividend payout ratio is currently 27.84%.

Insider Activity at BancFirst

In other news, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the transaction, the executive vice president now directly owns 43,564 shares of the company's stock, valued at $5,317,421.84. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Scott Martin sold 10,000 shares of the business'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 transaction 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 represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.43% of the company's stock.

BancFirst Company 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.

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