Bank of America Corp DE Has $8.63 Million Holdings in BancFirst Co. (NASDAQ:BANF)

Bank of America Corp DE cut its position in BancFirst Co. (NASDAQ:BANF - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,602 shares of the bank's stock after selling 6,851 shares during the quarter. Bank of America Corp DE owned about 0.22% of BancFirst worth $8,625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its stake in shares of BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock valued at $38,000 after purchasing an additional 191 shares during the period. Sterling Capital Management LLC grew its holdings in BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock worth $65,000 after buying an additional 491 shares in the last quarter. AlphaQuest LLC increased its position 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. KBC Group NV raised its stake in BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after acquiring an additional 536 shares in the last quarter. Finally, National Bank of Canada FI boosted its position in BancFirst by 12.4% during the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock worth $197,000 after acquiring an additional 186 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Randy Foraker sold 4,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the sale, the director now owns 214,499 shares of the company's stock, valued at $25,553,265.87. The trade was a 4.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.43% of the company's stock.

Analyst Ratings Changes

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

BancFirst Price Performance

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

BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate 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 return on equity of 14.21% and a net margin of 23.52%. On average, equities analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

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