Invesco Ltd. Has $12.81 Million Stake in BancFirst Co. (NASDAQ:BANF)

Invesco Ltd. boosted its holdings in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 65.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,342 shares of the bank's stock after buying an additional 43,336 shares during the period. Invesco Ltd. owned approximately 0.33% of BancFirst worth $12,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock worth $38,000 after purchasing an additional 191 shares in the last quarter. AlphaQuest LLC lifted its position 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. KBC Group NV boosted its stake in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after buying an additional 536 shares during the period. National Bank of Canada FI grew its holdings in shares of BancFirst by 12.4% during the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock valued at $197,000 after acquiring an additional 186 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of BancFirst in the fourth quarter worth $205,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Stock Down 0.9 %

Shares of BancFirst stock traded down $1.03 during midday trading on Friday, reaching $118.12. 82,779 shares of the company's stock traded hands, compared to its average volume of 102,143. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 18.34 and a beta of 0.82. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29. The company's 50 day simple moving average is $111.09 and its 200 day simple moving average is $116.16.

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 the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million for the quarter, compared to the consensus estimate of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Equities analysts expect that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. BancFirst's payout ratio is 27.84%.

Insider Activity at BancFirst

In other news, Director William Scott Martin sold 10,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Darryl Schmidt sold 5,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the transaction, the executive vice president now directly owns 43,564 shares of the company's stock, valued at approximately $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $2,994,350 in the last ninety days. 32.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded BancFirst from a "hold" rating to a "sell" rating in a research note on Tuesday.

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.