UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,963 shares of the bank's stock after selling 2,539 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of BancFirst worth $5,034,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cibc World Markets Corp bought a new stake in shares of BancFirst during the 4th quarter valued at approximately $218,000. Vanguard Group Inc. grew its holdings in shares of BancFirst by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock valued at $270,241,000 after purchasing an additional 44,563 shares during the last quarter. Amundi grew its holdings in shares of 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. grew its holdings in shares of 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 during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of BancFirst during the 4th quarter valued at approximately $529,000. 51.72% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
BANF has been the topic of several research reports. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods raised shares of BancFirst to a "hold" rating in a report on Monday, May 26th.
View Our Latest Stock Analysis on BancFirst
Insider Buying and Selling
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 shares were sold at an average price of $126.61, for a total value of $506,440.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 6,000 shares in the company, valued at $744,720. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. 32.43% of the stock is owned by corporate insiders.
BancFirst Trading Up 1.9%
NASDAQ:BANF traded up $2.35 during mid-day trading on Friday, hitting $123.06. 76,569 shares of the company's stock were exchanged, compared to its average volume of 105,343. The company has a 50 day simple moving average of $117.49 and a 200-day simple moving average of $118.17. 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 fifty-two week low of $81.56 and a fifty-two week high of $132.29. The firm has a market capitalization of $4.09 billion, a P/E ratio of 19.11 and a beta of 0.79.
BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping 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 business had revenue of $164.84 million for the quarter, compared to the consensus estimate of $161.72 million. As a group, research analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.
BancFirst Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 annualized dividend and a yield of 1.50%. BancFirst's dividend payout ratio is presently 27.84%.
BancFirst Company 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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