Two Sigma Investments LP reduced its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,985 shares of the bank's stock after selling 4,099 shares during the period. Two Sigma Investments LP's holdings in BancFirst were worth $467,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Cibc World Markets Corp purchased a new position in BancFirst during the 4th quarter valued at about $218,000. Vanguard Group Inc. boosted its stake in BancFirst by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock worth $270,241,000 after purchasing an additional 44,563 shares in the last quarter. Amundi grew its position in BancFirst by 189.8% during the 4th quarter. Amundi now owns 10,514 shares of the bank's stock valued at $1,200,000 after purchasing an additional 6,886 shares during the last quarter. Principal Financial Group Inc. increased its stake in BancFirst by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock valued at $12,333,000 after purchasing an additional 3,972 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in BancFirst in the fourth quarter worth about $529,000. 51.72% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
BANF has been the subject of several recent analyst reports. 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 research note on Monday, May 12th.
View Our Latest Research Report on BancFirst
Insider Transactions at BancFirst
In other news, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total transaction of $506,440.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total transaction of $620,600.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company's stock, valued at approximately $744,720. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 32.43% of the company's stock.
BancFirst Stock Performance
BancFirst stock traded down $3.31 during midday trading on Friday, hitting $119.90. The stock had a trading volume of 109,524 shares, compared to its average volume of 105,618. BancFirst Co. has a 52-week low of $81.56 and a 52-week high of $132.29. The company has a market capitalization of $3.99 billion, a PE ratio of 18.62 and a beta of 0.79. The firm's fifty day moving average is $119.07 and its two-hundred day moving average is $118.14. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. The firm had revenue of $164.84 million for the quarter, compared to the consensus estimate of $161.72 million. On average, research analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.
BancFirst Announces Dividend
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 given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.53%. BancFirst's payout ratio is 27.84%.
BancFirst Profile
(
Free Report)
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.
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