Teacher Retirement System of Texas Sells 12,811 Shares of BancFirst Corporation (NASDAQ:BANF)

Teacher Retirement System of Texas cut its position in BancFirst Corporation (NASDAQ:BANF - Free Report) by 59.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in BancFirst in the 4th quarter worth $4,344,000. Raymond James Financial Inc. bought a new position in shares of BancFirst during the 4th quarter worth about $11,958,000. Amundi lifted its holdings in shares of BancFirst by 189.8% during the 4th quarter. Amundi now owns 10,514 shares of the bank's stock worth $1,200,000 after acquiring an additional 6,886 shares during the period. AlphaQuest LLC lifted its holdings in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after acquiring an additional 89 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of BancFirst by 0.7% during the 4th quarter. Swiss National Bank now owns 42,218 shares of the bank's stock worth $4,947,000 after acquiring an additional 300 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Stock Up 1.2%

BANF traded up $1.50 during trading hours on Wednesday, hitting $127.81. 144,356 shares of the company's stock were exchanged, compared to its average volume of 111,746. BancFirst Corporation has a 1-year low of $95.78 and a 1-year high of $132.29. The stock's 50-day moving average is $125.12 and its two-hundred day moving average is $118.31. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 19.34 and a beta of 0.77. 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 announced its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 24.05% and a return on equity of 13.90%. Sell-side analysts predict that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, June 30th. BancFirst's payout ratio is presently 27.84%.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total value of $620,600.00. Following the transaction, the director directly owned 6,000 shares of the company's stock, valued at $744,720. This represents a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Randy Foraker sold 4,000 shares of the firm's stock in a transaction dated 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 owned by corporate insiders.

Wall Street Analysts Forecast Growth

BANF has been the subject of several analyst reports. Keefe, Bruyette & Woods raised shares of BancFirst to a "hold" rating in a report on Monday, May 26th. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

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.