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 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,890 shares of the bank's stock, valued at approximately $807,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of BancFirst by 94.6% in the 3rd quarter. Barclays PLC now owns 56,136 shares of the bank's stock valued at $5,908,000 after purchasing an additional 27,295 shares during the period. Ameritas Advisory Services LLC grew its stake in BancFirst by 110.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,020 shares of the bank's stock valued at $588,000 after buying an additional 2,630 shares during the last quarter. KBC Group NV grew its position in shares of BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after purchasing an additional 536 shares during the last quarter. Hodges Capital Management Inc. increased its stake in shares of BancFirst by 81.6% in the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank's stock worth $8,554,000 after purchasing an additional 32,800 shares during the period. Finally, Tectonic Advisors LLC lifted its position in shares of BancFirst by 11.3% during the 4th quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank's stock worth $1,334,000 after purchasing an additional 1,157 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

Insider Activity

In other news, EVP Randy Foraker sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total value of $506,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares in the company, 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. 32.43% of the stock is currently owned by company insiders.

BancFirst Price Performance

NASDAQ:BANF traded down $1.32 during mid-day trading on Wednesday, hitting $124.84. The company's stock had a trading volume of 18,832 shares, compared to its average volume of 104,243. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a fifty day moving average of $115.56 and a 200-day moving average of $118.16. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 19.38 and a beta of 0.78. BancFirst Co. has a fifty-two week low of $81.56 and a fifty-two week high of $132.29.

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. The business had revenue of $164.84 million for 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, equities analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, June 30th. BancFirst's dividend payout ratio is 27.84%.

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.