Edgestream Partners L.P. Invests $6.64 Million in BancFirst Corporation (NASDAQ:BANF)

Edgestream Partners L.P. bought a new stake in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in shares of BancFirst by 779.4% in the fourth quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock worth $65,000 after acquiring an additional 491 shares during the period. GAMMA Investing LLC boosted its position in BancFirst by 211.2% in the first quarter. GAMMA Investing LLC now owns 582 shares of the bank's stock worth $64,000 after purchasing an additional 395 shares during the last quarter. AlphaQuest LLC grew its stake in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock valued at $101,000 after purchasing an additional 89 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of BancFirst during the 4th quarter valued at about $135,000. Finally, National Bank of Canada FI lifted its stake in shares of BancFirst by 12.4% in the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock worth $197,000 after purchasing an additional 186 shares during the period. 51.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

BancFirst Price Performance

Shares of BANF traded up $1.50 during mid-day trading on Wednesday, reaching $127.81. The stock had a trading volume of 144,356 shares, compared to its average volume of 111,746. The business has a fifty day moving average of $125.12 and a 200 day moving average of $118.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 19.34 and a beta of 0.77. BancFirst Corporation has a 12 month low of $95.78 and a 12 month high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last released its earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, beating analysts' consensus estimates of $1.58 by $0.09. BancFirst had a net margin of 24.05% and a return on equity of 13.90%. The company had revenue of $164.84 million for the quarter, compared to analysts' expectations of $161.72 million. Equities analysts predict that BancFirst Corporation will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.44%. The ex-dividend date was Monday, June 30th. BancFirst's dividend payout ratio (DPR) is presently 27.84%.

Insider Activity at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction on 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 company insiders.

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.