BancFirst Co. (NASDAQ:BANF) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its stake in shares of BancFirst Co. (NASDAQ:BANF) by 6.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,787 shares of the bank’s stock after selling 3,340 shares during the period. Ameriprise Financial Inc. owned 0.15% of BancFirst worth $5,835,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BANF. Norges Bank acquired a new position in shares of BancFirst during the 4th quarter worth approximately $26,649,000. Raymond James Financial Inc. purchased a new stake in BancFirst in the 4th quarter worth approximately $11,958,000. JPMorgan Chase & Co. grew its stake in BancFirst by 35.8% in the 4th quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank’s stock worth $20,560,000 after acquiring an additional 46,253 shares during the period. Vanguard Group Inc. grew its stake in BancFirst by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock worth $270,241,000 after acquiring an additional 44,563 shares during the period. Finally, Invesco Ltd. grew its stake in BancFirst by 65.7% in the 4th quarter. Invesco Ltd. now owns 109,342 shares of the bank’s stock worth $12,813,000 after acquiring an additional 43,336 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Stock Down 0.8%

BANF stock opened at $122.86 on Friday. The stock has a market capitalization of $4.08 billion, a P/E ratio of 19.08 and a beta of 0.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst Co. has a one year low of $81.56 and a one year high of $132.29. The company has a 50 day moving average price of $114.99 and a two-hundred day moving average price of $118.18.

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

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.50%. BancFirst’s dividend payout ratio is presently 27.84%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This 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.

BancFirst Company 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.