BancFirst Co. (NASDAQ:BANF) Position Increased by SG Americas Securities LLC

SG Americas Securities LLC increased its position in BancFirst Co. (NASDAQ:BANF - Free Report) by 283.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,357 shares of the bank's stock after purchasing an additional 36,491 shares during the quarter. SG Americas Securities LLC owned approximately 0.15% of BancFirst worth $5,423,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC raised its holdings in BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock valued at $101,000 after acquiring an additional 89 shares during the period. Summit Investment Advisors Inc. boosted its position in shares of BancFirst by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock worth $244,000 after acquiring an additional 133 shares in the last quarter. Capstone Triton Financial Group LLC boosted its position in shares of BancFirst by 1.1% during the 4th quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank's stock worth $1,571,000 after acquiring an additional 145 shares in the last quarter. Stifel Financial Corp lifted its stake in BancFirst by 0.4% in the 4th 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 last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of BancFirst by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank's stock valued at $1,845,000 after acquiring an additional 184 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods upgraded shares of BancFirst to a "hold" rating in a research note on Monday, May 26th.

BancFirst Price Performance

Shares of BancFirst stock traded down $3.31 on Friday, hitting $119.90. 109,524 shares of the company traded hands, compared to its average volume of 105,892. The business has a 50-day simple moving average of $119.43 and a 200 day simple moving average of $118.03. BancFirst Co. has a 52 week low of $81.93 and a 52 week high of $132.29. The stock has a market capitalization of $3.99 billion, a P/E ratio of 18.62 and a beta of 0.79. 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 posted its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. The firm had revenue of $164.84 million for the quarter, compared to analysts' expectations of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Research analysts expect that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, June 30th. BancFirst's dividend payout ratio (DPR) is presently 27.84%.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Randy Foraker sold 4,000 shares of BancFirst stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total transaction of $506,440.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total transaction of $620,600.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $744,720. The trade was a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.