PNC Financial Services Group Inc. Sells 164 Shares of BancFirst Co. (NASDAQ:BANF)

PNC Financial Services Group Inc. reduced its stake in BancFirst Co. (NASDAQ:BANFFree Report) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 540 shares of the bank’s stock after selling 164 shares during the period. PNC Financial Services Group Inc.’s holdings in BancFirst were worth $53,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BANF. GAMMA Investing LLC bought a new stake in BancFirst in the fourth quarter valued at $25,000. D.A. Davidson & CO. bought a new stake in shares of BancFirst in the 4th quarter worth about $216,000. Steward Partners Investment Advisory LLC increased its position in shares of BancFirst by 32.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,551 shares of the bank’s stock worth $248,000 after purchasing an additional 629 shares in the last quarter. AlphaMark Advisors LLC bought a new position in BancFirst during the 4th quarter valued at about $271,000. Finally, Apollon Wealth Management LLC acquired a new position in BancFirst in the fourth quarter valued at about $283,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $900,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Dennis Jay Hannah sold 5,496 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the transaction, the executive vice president now directly owns 10,714 shares in the company, valued at $988,152.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin Lawrence sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $900,000. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,000 shares of company stock valued at $1,453,360. Insiders own 33.89% of the company’s stock.

BancFirst Price Performance

Shares of BancFirst stock opened at $85.50 on Monday. The firm’s 50-day moving average price is $87.25 and its two-hundred day moving average price is $88.52. BancFirst Co. has a 1-year low of $79.99 and a 1-year high of $104.00. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 13.97 and a beta of 1.04. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06.

BancFirst (NASDAQ:BANFGet Free Report) last announced its earnings results on Thursday, April 18th. The bank reported $1.50 EPS for the quarter, topping the consensus estimate of $1.37 by $0.13. BancFirst had a return on equity of 14.62% and a net margin of 24.65%. The company had revenue of $151.00 million for the quarter, compared to analysts’ expectations of $147.75 million. On average, equities analysts predict that BancFirst Co. will post 5.8 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Friday, June 28th. BancFirst’s dividend payout ratio is presently 28.10%.

BancFirst Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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