BancFirst Co. (NASDAQ:BANF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its position in shares of BancFirst Co. (NASDAQ:BANF) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 186,098 shares of the bank’s stock after selling 4,757 shares during the quarter. Bank of New York Mellon Corp’s holdings in BancFirst were worth $21,807,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BANF. KBC Group NV raised its holdings in shares of BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after acquiring an additional 536 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of BancFirst by 83.5% in the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock worth $154,000 after buying an additional 666 shares during the period. Retirement Investment Advisors Inc. purchased a new stake in shares of BancFirst in the third quarter worth about $200,000. Kolinsky Wealth Management LLC acquired a new position in shares of BancFirst in the third quarter worth about $210,000. Finally, D.A. Davidson & CO. acquired a new position in shares of BancFirst in the third quarter worth about $234,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BANF. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods lifted their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th.

Insider Transactions at BancFirst

In other BancFirst news, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the sale, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on 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 in the company, valued at $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,000 shares of company stock worth $3,500,350. Company insiders own 33.89% of the company’s stock.

BancFirst Stock Performance

Shares of BancFirst stock opened at $108.28 on Tuesday. The stock has a market cap of $3.60 billion, a PE ratio of 16.81 and a beta of 1.03. The business has a fifty day simple moving average of $117.76 and a 200-day simple moving average of $115.32. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. On average, sell-side analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.70%. BancFirst’s payout ratio is presently 28.57%.

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.