UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,963 shares of the bank's stock after selling 2,539 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of BancFirst worth $5,034,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the company. Barclays PLC boosted its stake in shares of BancFirst by 94.6% in the third quarter. Barclays PLC now owns 56,136 shares of the bank's stock valued at $5,908,000 after buying an additional 27,295 shares in the last quarter. KBC Group NV raised its holdings in BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after acquiring an additional 536 shares in the last quarter. Tectonic Advisors LLC boosted its stake in BancFirst by 11.3% in the fourth quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank's stock valued at $1,334,000 after acquiring an additional 1,157 shares during the period. Principal Financial Group Inc. increased its stake in shares of BancFirst by 3.9% in the fourth 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 during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of BancFirst by 16.4% during the fourth quarter. Handelsbanken Fonder AB now owns 4,958 shares of the bank's stock valued at $581,000 after purchasing an additional 700 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised BancFirst to a "hold" rating in a research report on Monday, May 26th. Wall Street Zen raised BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.
Get Our Latest Research Report on BANF
Insider Activity
In other news, 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 value of $506,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the company's stock in a transaction dated 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 now owns 6,000 shares in the company, valued at $744,720. The trade was a 45.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 32.43% of the company's stock.
BancFirst Trading Up 1.3%
Shares of NASDAQ:BANF traded up $1.59 during midday trading on Friday, hitting $122.30. The company had a trading volume of 31,839 shares, compared to its average volume of 104,892. The firm has a fifty day simple moving average of $117.22 and a 200 day simple moving average of $118.16. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 18.98 and a beta of 0.79. 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 Co. has a 12 month low of $81.56 and a 12 month high of $132.29.
BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings results 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. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. The business had revenue of $164.84 million for the quarter, compared to the consensus estimate of $161.72 million. On average, analysts predict that BancFirst Co. will post 6.52 EPS for the current year.
BancFirst Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.84 annualized dividend and a yield of 1.50%. BancFirst's dividend payout ratio (DPR) is currently 27.84%.
About BancFirst
(
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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