BNP Paribas Financial Markets Has $597,000 Holdings in BancFirst Co. (NASDAQ:BANF)

BNP Paribas Financial Markets trimmed its holdings in BancFirst Co. (NASDAQ:BANF) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,094 shares of the bank’s stock after selling 2,563 shares during the period. BNP Paribas Financial Markets’ holdings in BancFirst were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cibc World Markets Corp acquired a new position in shares of BancFirst during the fourth quarter worth about $218,000. Vanguard Group Inc. boosted its position in shares of BancFirst by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock worth $270,241,000 after buying an additional 44,563 shares during the period. Amundi boosted its position in shares of BancFirst by 189.8% during the fourth quarter. Amundi now owns 10,514 shares of the bank’s stock worth $1,200,000 after buying an additional 6,886 shares during the period. Principal Financial Group Inc. boosted its position in shares of BancFirst by 3.9% during the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank’s stock worth $12,333,000 after buying an additional 3,972 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of BancFirst during the fourth quarter worth about $529,000. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Trading Down 0.8%

Shares of NASDAQ:BANF opened at $122.86 on Friday. The company has a market capitalization of $4.08 billion, a P/E ratio of 19.08 and a beta of 0.78. BancFirst Co. has a 1 year low of $81.56 and a 1 year high of $132.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $114.99 and its 200 day simple moving average is $118.18.

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

BancFirst Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

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

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.