Impact Capital Partners LLC Acquires Shares of 3,356 BancFirst Co. (NASDAQ:BANF)

Impact Capital Partners LLC acquired a new stake in BancFirst Co. (NASDAQ:BANF) 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 (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share 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%. On average, sell-side analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.

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.

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.