Principal Financial Group Inc. Has $11.96 Million Position in BancFirst Corporation (NASDAQ:BANF)

Principal Financial Group Inc. grew its holdings in BancFirst Corporation (NASDAQ:BANF - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,842 shares of the bank's stock after acquiring an additional 3,594 shares during the quarter. Principal Financial Group Inc. owned 0.33% of BancFirst worth $11,958,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

BancFirst Stock Up 1.6%

Shares of BancFirst stock traded up $2.06 during trading hours on Monday, reaching $130.98. 275,505 shares of the company's stock were exchanged, compared to its average volume of 112,004. The stock has a market cap of $4.35 billion, a P/E ratio of 19.82 and a beta of 0.77. The company has a 50 day moving average of $124.68 and a two-hundred day moving average of $118.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a fifty-two week low of $92.42 and a fifty-two week high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. The firm had revenue of $164.84 million during the quarter, compared to analysts' expectations of $161.72 million. BancFirst had a return on equity of 13.90% and a net margin of 24.05%. On average, sell-side analysts forecast that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The business 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 $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Monday, June 30th. BancFirst's payout ratio is presently 27.84%.

Insider Buying and Selling at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total transaction of $620,600.00. Following the sale, the director directly owned 6,000 shares of the company's stock, valued at approximately $744,720. This represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Randy Foraker sold 4,000 shares of BancFirst 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 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.