BancFirst Co. (NASDAQ:BANF) Position Lowered by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its position in BancFirst Co. (NASDAQ:BANF - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,536 shares of the bank's stock after selling 5,464 shares during the period. Jefferies Financial Group Inc.'s holdings in BancFirst were worth $1,703,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BANF. Barclays PLC boosted its holdings in BancFirst by 94.6% during the third quarter. Barclays PLC now owns 56,136 shares of the bank's stock worth $5,908,000 after buying an additional 27,295 shares in the last quarter. KBC Group NV boosted its holdings in BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank's stock worth $136,000 after buying an additional 536 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in BancFirst by 81.6% during the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank's stock worth $8,554,000 after buying an additional 32,800 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in BancFirst by 11.3% during the fourth quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank's stock worth $1,334,000 after buying an additional 1,157 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in BancFirst by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock worth $12,333,000 after buying an additional 3,972 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company's stock.

BancFirst Price Performance

BANF traded down $0.46 during midday trading on Friday, reaching $123.58. 110,118 shares of the company's stock were exchanged, compared to its average volume of 105,081. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $4.11 billion, a PE ratio of 19.19 and a beta of 0.78. The business's 50-day moving average price is $116.31 and its 200 day moving average price is $118.10. BancFirst Co. has a 1-year low of $81.56 and a 1-year high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. As a group, equities analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

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 issued a dividend of $0.46 per share. The ex-dividend date is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. BancFirst's payout ratio is 27.84%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at BancFirst

In related 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 transaction of $506,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the director now directly owns 6,000 shares of the company's stock, valued at approximately $744,720. This trade represents a 45.45% 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.

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.