BancFirst Co. (NASDAQ:BANF) Stake Lessened by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 3.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,146,764 shares of the bank's stock after selling 68,286 shares during the period. Vanguard Group Inc. owned about 6.52% of BancFirst worth $186,189,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BANF. Royal Bank of Canada boosted its stake in BancFirst by 19.4% during the 3rd quarter. Royal Bank of Canada now owns 745 shares of the bank's stock worth $66,000 after purchasing an additional 121 shares during the last quarter. Inspire Investing LLC boosted its position in BancFirst by 3.7% during the third quarter. Inspire Investing LLC now owns 3,541 shares of the bank's stock worth $307,000 after acquiring an additional 126 shares during the last quarter. Credit Suisse AG grew its stake in BancFirst by 0.9% during the 2nd quarter. Credit Suisse AG now owns 15,198 shares of the bank's stock valued at $1,455,000 after acquiring an additional 135 shares in the last quarter. Covestor Ltd raised its holdings in BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank's stock valued at $108,000 after acquiring an additional 153 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its stake in BancFirst by 5.1% in the 1st quarter. First Republic Investment Management Inc. now owns 3,461 shares of the bank's stock worth $288,000 after purchasing an additional 168 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Dennis Jay Hannah sold 4,000 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $88.66, for a total transaction of $354,640.00. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at $2,191,143.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of the business's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $88.66, for a total transaction of $354,640.00. Following the sale, the executive vice president now directly owns 24,714 shares in the company, valued at $2,191,143.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Lawrence sold 7,312 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $88.00, for a total transaction of $643,456.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $880,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,000 shares of company stock valued at $1,678,510. Company insiders own 34.70% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson cut their target price on BancFirst from $95.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, January 19th.

BancFirst Trading Down 2.6 %

BancFirst stock traded down $2.25 during mid-day trading on Monday, hitting $85.78. The company's stock had a trading volume of 48,263 shares, compared to its average volume of 61,170. The stock's fifty day moving average is $88.12 and its two-hundred day moving average is $88.32. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $2.83 billion, a PE ratio of 13.53 and a beta of 1.09. BancFirst Co. has a 1 year low of $68.44 and a 1 year high of $104.00.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, January 18th. The bank reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.02. BancFirst had a return on equity of 15.58% and a net margin of 26.25%. The business had revenue of $150.22 million during the quarter, compared to analysts' expectations of $146.84 million. The firm's quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts anticipate that BancFirst Co. will post 5.36 EPS for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.43 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.72 annualized dividend and a dividend yield of 2.01%. BancFirst's dividend payout ratio is currently 27.13%.

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.