37,069 Shares in BancFirst Co. (NASDAQ:BANF) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of BancFirst Co. (NASDAQ:BANF) during the 4th quarter, Holdings Channel.com reports. The fund acquired 37,069 shares of the bank’s stock, valued at approximately $4,344,000.

Several other hedge funds have also bought and sold shares of BANF. New York State Teachers Retirement System boosted its stake in BancFirst by 35.1% during the third quarter. New York State Teachers Retirement System now owns 4,237 shares of the bank’s stock worth $446,000 after acquiring an additional 1,100 shares in the last quarter. Amalgamated Bank boosted its stake in BancFirst by 26.2% during the third quarter. Amalgamated Bank now owns 5,827 shares of the bank’s stock worth $613,000 after acquiring an additional 1,211 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of BancFirst by 40.2% in the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after buying an additional 29,050 shares in the last quarter. Atria Investments Inc lifted its stake in shares of BancFirst by 18.5% in the third quarter. Atria Investments Inc now owns 10,458 shares of the bank’s stock worth $1,101,000 after buying an additional 1,636 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in shares of BancFirst by 25.2% in the third quarter. Los Angeles Capital Management LLC now owns 19,725 shares of the bank’s stock worth $2,076,000 after buying an additional 3,975 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Insider Activity at BancFirst

In other news, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $126.50, for a total value of $506,000.00. Following the completion of the sale, the executive vice president now owns 33,000 shares in the company, valued at approximately $4,174,500. The trade was a 10.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total transaction of $610,300.00. Following the completion of the sale, the executive vice president now owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. This represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,000 shares of company stock worth $3,500,350 in the last 90 days. 33.89% of the stock is owned by corporate insiders.

BancFirst Stock Performance

BANF opened at $114.96 on Wednesday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.85 and a beta of 1.05. The company has a fifty day moving average of $118.50 and a 200 day moving average of $114.94. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. As a group, sell-side analysts forecast 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 will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.60%. BancFirst’s payout ratio is 28.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BANF. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Monday. Keefe, Bruyette & Woods upped their target price on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

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.