BancFirst Co. (NASDAQ:BANF) Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its position in shares of BancFirst Co. (NASDAQ:BANF) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,819 shares of the bank’s stock after acquiring an additional 1,328 shares during the quarter. Sei Investments Co.’s holdings in BancFirst were worth $2,908,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BANF. Cibc World Markets Corp purchased a new position in shares of BancFirst in the fourth quarter worth about $218,000. Sanctuary Advisors LLC increased its holdings in BancFirst by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after buying an additional 110 shares during the period. Principal Financial Group Inc. raised its position in BancFirst by 40.2% during the 3rd 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 last quarter. JPMorgan Chase & Co. lifted its stake in BancFirst by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after acquiring an additional 32,636 shares during the period. Finally, Amundi boosted its holdings in shares of BancFirst by 189.8% in the 4th quarter. Amundi now owns 10,514 shares of the bank’s stock valued at $1,200,000 after acquiring an additional 6,886 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Stock Down 1.7 %

Shares of BANF stock opened at $100.43 on Friday. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The stock has a market cap of $3.34 billion, a P/E ratio of 15.59 and a beta of 0.82. The stock has a 50 day moving average of $114.85 and a 200 day moving average of $115.75. 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 posted 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 net margin of 23.52% and a return on equity of 14.21%. As a group, sell-side analysts expect that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Monday, March 31st. BancFirst’s payout ratio is currently 28.57%.

Insider Activity

In other news, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the sale, the executive vice president now owns 43,564 shares in the company, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $2,994,350 in the last ninety days. Company insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday.

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.