M&T Bank Corp acquired a new position in BancFirst Co. (NASDAQ:BANF – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,747 shares of the bank’s stock, valued at approximately $205,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BANF. Sanctuary Advisors LLC increased its stake in shares of BancFirst by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after acquiring an additional 110 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in 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 during the period. Victory Capital Management Inc. increased its stake in shares of BancFirst by 2.9% during the third quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock valued at $953,000 after purchasing an additional 253 shares in the last quarter. Los Angeles Capital Management LLC lifted its holdings in shares of BancFirst by 1.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 20,056 shares of the bank’s stock valued at $2,350,000 after purchasing an additional 331 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after purchasing an additional 536 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.
Analysts Set New Price Targets
BANF has been the subject of a number of recent research reports. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods upped their price target 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.
Insider Buying and Selling
In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at approximately $707,820. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction dated 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 owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,000 shares of company stock worth $2,994,350. 33.89% of the stock is owned by insiders.
BancFirst Stock Up 2.1 %
BancFirst stock opened at $111.56 on Friday. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The stock has a fifty day simple moving average of $117.18 and a two-hundred day simple moving average of $115.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 17.32 and a beta of 1.03.
BancFirst (NASDAQ:BANF – Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping 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%. Equities analysts predict that BancFirst Co. will post 6.52 EPS for the current fiscal year.
BancFirst Announces Dividend
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 given 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 1.65%. BancFirst’s dividend payout ratio (DPR) is 28.57%.
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.
Featured Stories
- Five stocks we like better than BancFirst
- The Significance of Brokerage Rankings in Stock Selection
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- Trading Halts Explained
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- How to Profit From Growth Investing
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding BANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancFirst Co. (NASDAQ:BANF – Free Report).
Receive News & Ratings for BancFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst and related companies with MarketBeat.com's FREE daily email newsletter.