Bank of New York Mellon Corp Decreases Stock Holdings in BancFirst Corporation (NASDAQ:BANF)

Bank of New York Mellon Corp lessened its position in BancFirst Corporation (NASDAQ:BANF - Free Report) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 178,732 shares of the bank's stock after selling 7,366 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of BancFirst worth $19,637,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in BANF. Cibc World Markets Corp bought a new stake in shares of BancFirst during the 4th quarter valued at $218,000. Vanguard Group Inc. raised its stake in shares of BancFirst by 2.0% during 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 during the period. Principal Financial Group Inc. raised its stake 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 during the period. GAMMA Investing LLC raised its stake 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 valued at $7,026,000 after purchasing an additional 63,757 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of BancFirst by 16.1% during the 1st quarter. Rhumbline Advisers now owns 72,677 shares of the bank's stock valued at $7,985,000 after purchasing an additional 10,088 shares during the period. Institutional investors and hedge funds own 51.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BANF. Keefe, Bruyette & Woods upped their target price on BancFirst from $123.00 to $132.00 and gave the stock a "market perform" rating in a research note on Friday. Wall Street Zen lowered BancFirst from a "hold" rating to a "sell" rating in a research note on Friday.

Insider Activity

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

BancFirst Stock Up 3.1%

BANF stock traded up $4.02 on Friday, reaching $135.30. 231,659 shares of the company traded hands, compared to its average volume of 111,961. BancFirst Corporation has a one year low of $95.78 and a one year high of $137.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $4.50 billion, a P/E ratio of 19.47 and a beta of 0.77. The firm has a fifty day simple moving average of $125.53 and a 200-day simple moving average of $118.52.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.18. The business had revenue of $169.30 million during the quarter, compared to analyst estimates of $163.62 million. BancFirst had a return on equity of 14.38% and a net margin of 24.05%. Research analysts anticipate that BancFirst Corporation will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.46 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.36%. BancFirst's payout ratio is 26.47%.

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.