Deutsche Bank AG Buys 6,318 Shares of BancFirst Co. (NASDAQ:BANF)

Deutsche Bank AG boosted its stake in BancFirst Co. (NASDAQ:BANF) by 50.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 18,960 shares of the bank’s stock after buying an additional 6,318 shares during the period. Deutsche Bank AG owned approximately 0.06% of BancFirst worth $2,222,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of BANF. AlphaQuest LLC lifted its holdings in shares of BancFirst by 11.5% during the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after buying an additional 89 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in BancFirst by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank’s stock worth $244,000 after purchasing an additional 133 shares in the last quarter. Stifel Financial Corp raised its stake in BancFirst by 0.4% in the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank’s stock worth $4,453,000 after purchasing an additional 155 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in BancFirst by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank’s stock valued at $1,845,000 after purchasing an additional 184 shares during the period. Finally, National Bank of Canada FI grew its position in shares of BancFirst by 12.4% during the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank’s stock worth $197,000 after purchasing an additional 186 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

BancFirst Stock Down 1.7%

BANF stock opened at $123.82 on Friday. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29. The business has a 50-day simple moving average of $114.74 and a 200 day simple moving average of $118.09. 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 $4.12 billion, a PE ratio of 19.23 and a beta of 0.78.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million during the quarter, compared to analysts’ expectations of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Sell-side analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 31st. BancFirst’s dividend payout ratio is presently 27.84%.

Insider Activity

In other BancFirst news, EVP Randy Foraker sold 4,000 shares of the business’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total transaction of $506,440.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This trade represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, May 12th.

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.