Impact Capital Partners LLC acquired a new stake in BancFirst Co. (NASDAQ:BANF – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,356 shares of the bank’s stock, valued at approximately $393,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in BancFirst by 155.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after buying an additional 191 shares in the last quarter. AlphaQuest LLC lifted its position in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock valued at $101,000 after acquiring an additional 89 shares during the period. KBC Group NV lifted its position 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 acquiring an additional 536 shares during the period. Quantbot Technologies LP lifted its position in shares of BancFirst by 83.5% during the 3rd quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after acquiring an additional 666 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of BancFirst during the 4th quarter valued at $205,000. 51.72% of the stock is owned by institutional investors and hedge funds.
BancFirst Price Performance
Shares of BANF stock opened at $109.24 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The company has a market cap of $3.63 billion, a P/E ratio of 16.96 and a beta of 1.03. The business has a fifty day simple moving average of $117.43 and a 200 day simple moving average of $115.28.
BancFirst Dividend Announcement
The firm 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 annualized dividend and a dividend yield of 1.68%. BancFirst’s dividend payout ratio is currently 28.57%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd.
Read Our Latest Report on BANF
Insider Buying and Selling
In other BancFirst news, Director William Scott Martin sold 10,000 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the transaction, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $723,480. This represents a 45.45 % 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. 33.89% of the stock is owned by insiders.
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.
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