Callan Family Office LLC Acquires New Shares in BancFirst Co. (NASDAQ:BANF)

Callan Family Office LLC acquired a new position in BancFirst Co. (NASDAQ:BANF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,347 shares of the bank’s stock, valued at approximately $509,000.

A number of other hedge funds have also bought and sold shares of BANF. Raymond James Financial Inc. bought a new position in BancFirst during the 4th quarter valued at about $11,958,000. Proficio Capital Partners LLC bought a new position in BancFirst during the 4th quarter valued at about $4,344,000. M&T Bank Corp bought a new position in BancFirst during the 4th quarter valued at about $205,000. Atria Investments Inc lifted its stake in BancFirst by 20.6% during the 4th quarter. Atria Investments Inc now owns 12,609 shares of the bank’s stock valued at $1,477,000 after acquiring an additional 2,151 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in BancFirst by 30.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,192 shares of the bank’s stock valued at $374,000 after acquiring an additional 744 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

BANF has been the topic of several research reports. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods raised their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

BancFirst Stock Performance

NASDAQ:BANF opened at $112.78 on Monday. The stock has a 50-day simple moving average of $117.99 and a two-hundred day simple moving average of $115.27. BancFirst Co. has a 52-week low of $81.21 and a 52-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. The firm has a market capitalization of $3.75 billion, a PE ratio of 17.51 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.63%. BancFirst’s payout ratio is presently 28.57%.

Insiders Place Their Bets

In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction on 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 in the company, valued at approximately $5,317,421.84. This represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,000 shares of company stock worth $3,500,350. Corporate insiders own 33.89% of the company’s stock.

BancFirst Company 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.