Deutsche Bank AG grew its position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,960 shares of the bank's stock after buying an additional 6,318 shares during the quarter. Deutsche Bank AG owned 0.06% of BancFirst worth $2,222,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in BancFirst by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock worth $270,241,000 after acquiring an additional 44,563 shares in the last quarter. Geode Capital Management LLC boosted its holdings in BancFirst by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 484,883 shares of the bank's stock worth $56,832,000 after buying an additional 2,098 shares in the last quarter. Norges Bank purchased a new position in BancFirst in the fourth quarter valued at about $26,649,000. JPMorgan Chase & Co. lifted its position in shares of BancFirst by 35.8% during the 4th quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank's stock valued at $20,560,000 after acquiring an additional 46,253 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of BancFirst by 65.7% during the 4th quarter. Invesco Ltd. now owns 109,342 shares of the bank's stock worth $12,813,000 after acquiring an additional 43,336 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company's stock.
Insiders Place Their Bets
In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares in the company, valued at $25,553,265.87. The trade was a 4.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Randy Foraker sold 4,000 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were 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 owned by corporate insiders.
BancFirst Price Performance
Shares of NASDAQ:BANF traded down $1.95 on Wednesday, hitting $124.20. The company had a trading volume of 6,703 shares, compared to its average volume of 107,814. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.13 billion, a PE ratio of 19.29 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 business has a 50 day moving average of $115.56 and a 200 day moving average of $118.16.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. The firm had revenue of $164.84 million during the quarter, compared to the consensus estimate of $161.72 million. As a group, equities analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.
BancFirst Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.48%. BancFirst's dividend payout ratio (DPR) is currently 27.84%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.
Read Our Latest Report on BANF
BancFirst Company Profile
(
Free Report)
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.
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