Hodges Capital Management Inc. Sells 18,000 Shares of BancFirst Co. (NASDAQ:BANF)

Hodges Capital Management Inc. decreased its stake in shares of BancFirst Co. (NASDAQ:BANF) by 30.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,200 shares of the bank’s stock after selling 18,000 shares during the quarter. Hodges Capital Management Inc. owned approximately 0.12% of BancFirst worth $3,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BANF. FMR LLC lifted its holdings in BancFirst by 1.9% during the 3rd quarter. FMR LLC now owns 60,290 shares of the bank’s stock valued at $5,229,000 after buying an additional 1,123 shares in the last quarter. Invesco Ltd. increased its position in BancFirst by 32.4% during the 3rd quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock valued at $7,621,000 after purchasing an additional 21,521 shares during the period. Tower Research Capital LLC TRC increased its position in BancFirst by 2,433.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,357 shares of the bank’s stock valued at $378,000 after purchasing an additional 4,185 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in BancFirst during the 3rd quarter valued at about $1,242,000. Finally, First Dallas Securities Inc. purchased a new position in BancFirst during the 3rd quarter valued at about $867,000. Institutional investors own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In other news, EVP Kevin Lawrence sold 10,000 shares of BancFirst stock in a transaction that occurred on Wednesday, May 1st. The shares were 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 of the company’s stock, valued at approximately $900,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Dennis Jay Hannah sold 5,496 shares of BancFirst 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 owns 10,714 shares of the company’s stock, valued at approximately $988,152.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kevin Lawrence sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was 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 in the company, valued at approximately $900,000. The disclosure for this sale can be found here. Insiders have sold a total of 16,000 shares of company stock valued at $1,453,360 in the last 90 days. Insiders own 33.89% of the company’s stock.

BancFirst Trading Up 1.9 %

NASDAQ BANF opened at $87.70 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 14.33 and a beta of 1.04. The company’s 50-day simple moving average is $87.65 and its two-hundred day simple moving average is $88.87. BancFirst Co. has a one year low of $79.99 and a one year high of $104.00.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, April 18th. The bank reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $151.00 million for the quarter, compared to the consensus estimate of $147.75 million. BancFirst had a net margin of 24.65% and a return on equity of 14.62%. Equities analysts forecast that BancFirst Co. will post 5.8 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, June 28th. BancFirst’s payout ratio is currently 28.10%.

About BancFirst

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.