BancFirst Co. (NASDAQ:BANF) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its holdings in BancFirst Co. (NASDAQ:BANF) by 11.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,006 shares of the bank’s stock after selling 1,949 shares during the period. NewEdge Wealth LLC’s holdings in BancFirst were worth $1,461,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Royal Bank of Canada boosted its stake in BancFirst by 19.4% during the 3rd quarter. Royal Bank of Canada now owns 745 shares of the bank’s stock valued at $66,000 after purchasing an additional 121 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in BancFirst by 45.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 987 shares of the bank’s stock valued at $87,000 after purchasing an additional 309 shares during the period. Point72 Middle East FZE acquired a new position in BancFirst during the 4th quarter valued at about $108,000. Covestor Ltd boosted its stake in BancFirst by 13.9% during the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock valued at $108,000 after purchasing an additional 153 shares during the period. Finally, Captrust Financial Advisors boosted its stake in BancFirst by 132.7% during the 1st quarter. Captrust Financial Advisors now owns 1,578 shares of the bank’s stock valued at $132,000 after purchasing an additional 900 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BancFirst

In related news, EVP Kevin Lawrence sold 1,159 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $88.00, for a total transaction of $101,992.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $880,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Dennis Jay Hannah sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $88.45, for a total value of $353,800.00. Following the completion of the sale, the executive vice president now owns 28,714 shares in the company, valued at approximately $2,539,753.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Lawrence sold 1,159 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $88.00, for a total transaction of $101,992.00. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $880,000. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $1,678,510 over the last ninety days. Insiders own 35.70% of the company’s stock.

BancFirst Trading Down 0.6 %

BancFirst stock opened at $82.78 on Monday. BancFirst Co. has a 12-month low of $68.44 and a 12-month high of $104.00. The stock has a market capitalization of $2.73 billion, a PE ratio of 13.06 and a beta of 1.09. The firm has a 50 day simple moving average of $86.85 and a 200-day simple moving average of $88.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, January 18th. The bank reported $1.46 EPS for the quarter, beating the consensus estimate of $1.44 by $0.02. BancFirst had a net margin of 26.25% and a return on equity of 15.58%. The business had revenue of $150.22 million during the quarter, compared to analyst estimates of $146.84 million. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, equities research analysts expect that BancFirst Co. will post 5.36 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 27th. BancFirst’s dividend payout ratio is presently 27.13%.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their target price on shares of BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, January 19th.

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.