BancFirst Co. (NASDAQ:BANF) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lessened its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 13.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,380 shares of the bank’s stock after selling 545 shares during the period. Inspire Investing LLC’s holdings in BancFirst were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in BANF. Liberty One Investment Management LLC acquired a new position in BancFirst during the fourth quarter worth approximately $660,000. Ameritas Advisory Services LLC increased its position in BancFirst by 110.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,020 shares of the bank’s stock worth $588,000 after buying an additional 2,630 shares during the period. JPMorgan Chase & Co. increased its position in BancFirst by 33.8% during the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock worth $13,599,000 after buying an additional 32,636 shares during the period. Principal Financial Group Inc. increased its position in BancFirst by 40.2% during the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after buying an additional 29,050 shares during the period. Finally, Arvest Bank Trust Division acquired a new position in BancFirst during the third quarter worth approximately $1,219,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BANF shares. Keefe, Bruyette & Woods lifted their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson lifted their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

Insider Activity at BancFirst

In related news, EVP Dennis Jay Hannah sold 10,543 shares of BancFirst stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the completion of the transaction, the executive vice president now directly owns 1,564 shares of the company’s stock, valued at approximately $197,971.12. The trade was a 87.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William Scott Martin sold 15,000 shares of BancFirst stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $117.00, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 291,904 shares of the company’s stock, valued at approximately $34,152,768. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 89,448 shares of company stock worth $11,036,677 over the last three months. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Trading Down 0.3 %

Shares of BANF stock opened at $119.35 on Wednesday. The business’s 50 day moving average is $121.39 and its two-hundred day moving average is $112.07. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The company has a market capitalization of $3.95 billion, a P/E ratio of 19.19 and a beta of 1.06. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. Equities analysts forecast that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.54%. BancFirst’s dividend payout ratio (DPR) is presently 29.58%.

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.