BancFirst Corporation (NASDAQ:BANF) Shares Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC boosted its position in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 30.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,885 shares of the bank's stock after acquiring an additional 3,502 shares during the period. Tectonic Advisors LLC's holdings in BancFirst were worth $1,635,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BANF. GAMMA Investing LLC raised its position in BancFirst by 211.2% in the 1st quarter. GAMMA Investing LLC now owns 582 shares of the bank's stock valued at $64,000 after purchasing an additional 395 shares during the last quarter. Sterling Capital Management LLC raised its position in BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock valued at $65,000 after purchasing an additional 491 shares during the last quarter. AlphaQuest LLC increased its stake 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 buying an additional 89 shares during the period. Cubist Systematic Strategies LLC acquired a new position in BancFirst in the 4th quarter valued at $135,000. Finally, National Bank of Canada FI increased its stake in BancFirst by 12.4% in the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock valued at $197,000 after buying an additional 186 shares during the period. Institutional investors and hedge funds own 51.72% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BANF. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods raised shares of BancFirst to a "hold" rating in a research note on Monday, May 26th.

Insider Transactions at BancFirst

In other news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total transaction of $620,600.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at $744,720. This represents a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Randy Foraker sold 4,000 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total transaction of $506,440.00. The disclosure for this sale can be found here. 32.43% of the stock is currently owned by corporate insiders.

BancFirst Stock Performance

NASDAQ:BANF opened at $130.98 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $132.29. The stock has a market cap of $4.35 billion, a PE ratio of 19.82 and a beta of 0.77. The firm's fifty day simple moving average is $124.68 and its 200-day simple moving average is $118.11.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating 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 24.05% and a return on equity of 13.90%. Analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

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 issued a $0.46 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.40%. BancFirst's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding BANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancFirst Corporation (NASDAQ:BANF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.