BancFirst Corporation (NASDAQ:BANF) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its holdings in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 59.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,678 shares of the bank's stock after selling 12,811 shares during the quarter. Teacher Retirement System of Texas' holdings in BancFirst were worth $953,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AlphaQuest LLC increased its holdings in BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after buying an additional 89 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of BancFirst by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank's stock valued at $971,000 after buying an additional 121 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in BancFirst by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock worth $244,000 after purchasing an additional 133 shares in the last quarter. Capstone Triton Financial Group LLC lifted its holdings in BancFirst by 1.1% in the 4th quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank's stock worth $1,571,000 after purchasing an additional 145 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in BancFirst by 0.4% in the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock worth $4,453,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 51.72% of the company's stock.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst 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 sale, the director directly owned 6,000 shares in the company, valued at $744,720. The trade was a 45.45% decrease in their ownership of the stock. 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 BancFirst stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total value 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 Price Performance

Shares of BancFirst stock traded up $5.54 on Friday, reaching $136.82. The company's stock had a trading volume of 132,972 shares, compared to its average volume of 112,353. The company has a market capitalization of $4.55 billion, a P/E ratio of 20.58 and a beta of 0.77. BancFirst Corporation has a 52-week low of $95.78 and a 52-week high of $137.03. The stock has a 50-day moving average price of $125.28 and a 200-day moving average price of $118.39. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.05.

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

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, June 30th. BancFirst's dividend payout ratio (DPR) is presently 27.84%.

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.