Proficio Capital Partners LLC Purchases New Position in BancFirst Co. (NASDAQ:BANF)

Proficio Capital Partners LLC acquired a new position in shares of BancFirst Co. (NASDAQ:BANF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,069 shares of the bank’s stock, valued at approximately $4,344,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. M&T Bank Corp acquired a new stake in shares of BancFirst during the fourth quarter worth approximately $205,000. Atria Investments Inc grew its position in BancFirst by 20.6% during the 4th quarter. Atria Investments Inc now owns 12,609 shares of the bank’s stock worth $1,477,000 after acquiring an additional 2,151 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in BancFirst by 30.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,192 shares of the bank’s stock worth $374,000 after acquiring an additional 744 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in BancFirst by 155.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after purchasing an additional 191 shares in the last quarter. Finally, Denali Advisors LLC raised its position in BancFirst by 58.0% in the 4th quarter. Denali Advisors LLC now owns 24,800 shares of the bank’s stock valued at $2,906,000 after purchasing an additional 9,100 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

BANF has been the topic of several research analyst reports. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods increased their price objective on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

BancFirst Stock Performance

BANF stock opened at $111.13 on Tuesday. The stock has a market capitalization of $3.69 billion, a PE ratio of 17.26 and a beta of 1.03. 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 company has a 50 day moving average price of $117.08 and a 200 day moving average price of $115.43. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping 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%. Analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.66%. BancFirst’s payout ratio is presently 28.57%.

Insider Activity

In related news, Director William Scott Martin sold 10,000 shares of the company’s 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 sale, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director F Ford Drummond sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $707,820. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,000 shares of company stock valued at $2,994,350. 33.89% of the stock is currently owned by insiders.

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.