UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,453 Shares of BancFirst Co. (NASDAQ:BANF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in BancFirst Co. (NASDAQ:BANF) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,502 shares of the bank’s stock after selling 2,453 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of BancFirst worth $4,789,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new position in BancFirst in the third quarter worth about $38,000. Blue Trust Inc. raised its holdings in shares of BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of BancFirst by 64.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after buying an additional 328 shares during the period. Point72 DIFC Ltd acquired a new stake in BancFirst in the 2nd quarter valued at $77,000. Finally, nVerses Capital LLC bought a new stake in BancFirst in the third quarter valued at $105,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Activity

In related news, Director David E. Rainbolt sold 5,601 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $110.21, for a total value of $617,286.21. Following the completion of the sale, the director now owns 208,723 shares in the company, valued at approximately $23,003,361.83. This represents a 2.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $105.02, for a total value of $1,089,162.42. Following the transaction, the director now owns 4,944,702 shares in the company, valued at approximately $519,292,604.04. This trade represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,521 shares of company stock valued at $16,025,988 over the last 90 days. 33.89% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on BANF shares. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods upped their price objective 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. Finally, DA Davidson lifted their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

BancFirst Stock Up 1.0 %

Shares of NASDAQ BANF opened at $128.64 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 20.68 and a beta of 1.05. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The firm’s 50-day simple moving average is $117.12 and its 200 day simple moving average is $103.98.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. On average, research analysts expect that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.46 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.43%. BancFirst’s payout ratio is currently 29.58%.

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.