60,391 Shares in BancFirst Corporation (NASDAQ:BANF) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in BancFirst Corporation (NASDAQ:BANF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 60,391 shares of the bank's stock, valued at approximately $6,635,000. Edgestream Partners L.P. owned about 0.18% of BancFirst as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BANF. New York State Common Retirement Fund raised its holdings in shares of BancFirst by 40.4% in the 1st quarter. New York State Common Retirement Fund now owns 15,286 shares of the bank's stock worth $1,679,000 after purchasing an additional 4,400 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of BancFirst by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 29,206 shares of the bank's stock worth $3,209,000 after purchasing an additional 349 shares during the period. Principal Financial Group Inc. raised its holdings in shares of BancFirst by 3.4% in the 1st quarter. Principal Financial Group Inc. now owns 108,842 shares of the bank's stock worth $11,958,000 after purchasing an additional 3,594 shares during the period. Smith Group Asset Management LLC bought a new stake in shares of BancFirst in the 1st quarter worth approximately $220,000. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of BancFirst by 6.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 10,904 shares of the bank's stock worth $1,198,000 after purchasing an additional 618 shares during the period. Hedge funds and other institutional investors own 51.72% of the company's stock.

Insider Buying and Selling at BancFirst

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on BANF shares. Keefe, Bruyette & Woods lifted their price target on shares of BancFirst from $123.00 to $132.00 and gave the stock a "market perform" rating in a report on Friday. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

BancFirst Stock Performance

BANF stock traded up $4.44 during midday trading on Friday, reaching $135.72. 160,600 shares of the company's stock traded hands, compared to its average volume of 112,471. The company has a 50-day moving average price of $125.28 and a two-hundred day moving average price of $118.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. BancFirst Corporation has a 52 week low of $95.78 and a 52 week high of $137.03. The firm has a market capitalization of $4.51 billion, a PE ratio of 20.53 and a beta of 0.77.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.18. The firm had revenue of $169.30 million for the quarter, compared to analysts' expectations of $163.62 million. BancFirst had a net margin of 24.05% and a return on equity of 13.90%. As a group, equities analysts anticipate that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.36%. BancFirst's payout ratio is currently 27.84%.

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.