BancFirst Co. (NASDAQ:BANF) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,787 shares of the bank's stock after selling 3,340 shares during the period. Ameriprise Financial Inc. owned about 0.15% of BancFirst worth $5,835,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BANF. Cibc World Markets Corp acquired a new stake in BancFirst in the fourth quarter valued at approximately $218,000. Vanguard Group Inc. raised its holdings in shares of BancFirst by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock valued at $270,241,000 after purchasing an additional 44,563 shares in the last quarter. Amundi grew its stake in shares of BancFirst by 189.8% during the fourth quarter. Amundi now owns 10,514 shares of the bank's stock worth $1,200,000 after purchasing an additional 6,886 shares in the last quarter. Principal Financial Group Inc. increased its holdings in BancFirst by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock valued at $12,333,000 after buying an additional 3,972 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in BancFirst in the fourth quarter valued at $529,000. Hedge funds and other institutional investors own 51.72% of the company's stock.

Analyst Upgrades and Downgrades

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

BancFirst Stock Performance

Shares of BANF traded up $3.29 during mid-day trading on Tuesday, reaching $126.15. 91,847 shares of the company's stock were exchanged, compared to its average volume of 104,577. The business's fifty day simple moving average is $115.23 and its 200-day simple moving average is $118.11. The stock has a market capitalization of $4.19 billion, a PE ratio of 19.59 and a beta of 0.78. BancFirst Co. has a 52-week low of $81.56 and a 52-week high of $132.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating 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 expect that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.46%. BancFirst's payout ratio is 27.84%.

Insider Transactions at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the transaction, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 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.