Denali Advisors LLC Acquires 9,100 Shares of BancFirst Co. (NASDAQ:BANF)

Denali Advisors LLC grew its holdings in BancFirst Co. (NASDAQ:BANF) by 58.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,800 shares of the bank’s stock after acquiring an additional 9,100 shares during the period. Denali Advisors LLC owned 0.07% of BancFirst worth $2,906,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after acquiring an additional 96,483 shares in the last quarter. Geode Capital Management LLC grew its position in BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after acquiring an additional 58,016 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in BancFirst by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank’s stock worth $20,242,000 after acquiring an additional 26,707 shares in the last quarter. JPMorgan Chase & Co. grew its position in BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock worth $13,599,000 after acquiring an additional 32,636 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in BancFirst by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank’s stock worth $12,333,000 after acquiring an additional 3,972 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

Insider Activity at BancFirst

In related news, Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $707,820. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dennis L. Brand sold 4,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock worth $2,309,050 in the last ninety days. 33.89% of the stock is currently owned by insiders.

BancFirst Price Performance

Shares of BancFirst stock opened at $117.47 on Wednesday. The firm has a fifty day simple moving average of $118.52 and a 200-day simple moving average of $114.42. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The stock has a market capitalization of $3.89 billion, a price-to-earnings ratio of 18.24 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share 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%. On average, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.

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.