Quantum Private Wealth LLC Has $489,000 Stake in BancFirst Co. (NASDAQ:BANF)

Quantum Private Wealth LLC decreased its stake in shares of BancFirst Co. (NASDAQ:BANF) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,169 shares of the bank’s stock after selling 180 shares during the quarter. Quantum Private Wealth LLC’s holdings in BancFirst were worth $489,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in BancFirst during the third quarter worth about $38,000. Blue Trust Inc. grew its holdings in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of BancFirst during the third quarter valued at approximately $105,000. KBC Group NV increased its position in shares of BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after purchasing an additional 536 shares during the period. Finally, Quantbot Technologies LP raised its stake in shares of BancFirst by 83.5% in the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after purchasing an additional 666 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In related news, Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the transaction, the director now owns 6,000 shares in the company, valued at $707,820. This represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Scott Martin sold 24,607 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $124.70, for a total transaction of $3,068,492.90. Following the completion of the sale, the director now owns 224,499 shares of the company’s stock, valued at $27,995,025.30. The trade was a 9.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,607 shares of company stock valued at $5,377,543 in the last three months. 33.89% of the stock is owned by corporate insiders.

BancFirst Stock Performance

BancFirst stock opened at $119.44 on Friday. The firm has a market capitalization of $3.96 billion, a P/E ratio of 18.55 and a beta of 1.05. The stock has a fifty day moving average price of $119.68 and a two-hundred day moving average price of $113.45. 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 current ratio of 0.98 and a quick ratio of 0.98.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (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, analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is currently 28.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. DA Davidson lifted their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised 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.

About BancFirst

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.