Vestmark Advisory Solutions Inc. Acquires 15,354 Shares of BancFirst Corporation $BANF

Key Points

• Vestmark Advisory Solutions Inc. increased its ownership of BancFirst Corporation by 92.9% in the first quarter, holding approximately $3.5 million in shares.
• Company insiders sold a total of 14,000 shares worth about $1.76 million in the last quarter, reducing their ownership to 32.43%.
• BancFirst recently announced a quarterly dividend of $0.46 per share, which equates to an annualized yield of 1.5%.

Vestmark Advisory Solutions Inc. grew its stake in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 92.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,890 shares of the bank's stock after buying an additional 15,354 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.10% of BancFirst worth $3,504,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of BancFirst by 3.4% during the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank's stock valued at $11,958,000 after purchasing an additional 3,594 shares in the last quarter. GAMMA Investing LLC increased its position in shares of BancFirst by 34,094.7% during the 1st quarter. GAMMA Investing LLC now owns 63,944 shares of the bank's stock worth $7,026,000 after purchasing an additional 63,757 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of BancFirst by 114.2% during the 1st quarter. Victory Capital Management Inc. now owns 19,518 shares of the bank's stock worth $2,144,000 after purchasing an additional 10,404 shares during the last quarter. Rhumbline Advisers increased its position in shares of BancFirst by 16.1% during the 1st quarter. Rhumbline Advisers now owns 72,677 shares of the bank's stock worth $7,985,000 after purchasing an additional 10,088 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of BancFirst during the 4th quarter worth approximately $292,000. Institutional investors own 51.72% of the company's stock.

Insider Activity

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total value of $631,450.00. Following the sale, the director directly owned 6,000 shares in the company, valued at $757,740. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 32.43% of the stock is currently owned by insiders.

BancFirst Trading Down 0.5%

Shares of BancFirst stock traded down $0.67 on Thursday, hitting $125.75. 31,021 shares of the company's stock traded hands, compared to its average volume of 113,604. BancFirst Corporation has a one year low of $97.02 and a one year high of $137.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. The company has a fifty day moving average of $125.57 and a two-hundred day moving average of $119.72. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 18.14 and a beta of 0.76.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.18. The company had revenue of $169.30 million during the quarter, compared to the consensus estimate of $163.62 million. BancFirst had a return on equity of 14.16% and a net margin of 24.94%. As a group, sell-side analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. DA Davidson boosted their price target on BancFirst from $120.00 to $136.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Keefe, Bruyette & Woods upped their target price on BancFirst from $123.00 to $132.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $134.00.

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.