BancFirst Co. (NASDAQ:BANF) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its stake in shares of BancFirst Co. (NASDAQ:BANF) by 9.5% in the fourth quarter, HoldingsChannel reports. The firm owned 4,144 shares of the bank’s stock after purchasing an additional 360 shares during the quarter. Bank of Montreal Can’s holdings in BancFirst were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in BANF. Smartleaf Asset Management LLC grew its position in shares of BancFirst by 155.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after acquiring an additional 191 shares during the last quarter. AlphaQuest LLC grew its position in BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after purchasing an additional 89 shares during the last quarter. KBC Group NV increased its stake in shares of BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after purchasing an additional 536 shares during the period. National Bank of Canada FI raised its holdings in shares of BancFirst by 12.4% during the fourth quarter. National Bank of Canada FI now owns 1,684 shares of the bank’s stock valued at $197,000 after buying an additional 186 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in shares of BancFirst during the fourth quarter worth approximately $205,000. 51.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction on 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 directly owns 6,000 shares in the company, valued at $707,820. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now directly owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This represents 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 sold 25,000 shares of company stock worth $2,994,350. Corporate insiders own 32.43% of the company’s stock.

BancFirst Price Performance

NASDAQ BANF opened at $113.08 on Tuesday. The firm has a market capitalization of $3.76 billion, a PE ratio of 17.56 and a beta of 0.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. BancFirst Co. has a 12 month low of $81.56 and a 12 month high of $132.29. The company’s 50 day simple moving average is $111.24 and its 200 day simple moving average is $115.91.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The business had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. As a group, equities research analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Monday, March 31st. BancFirst’s dividend payout ratio is presently 27.84%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.