Wedge Capital Management L L P NC raised its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 3.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 131,019 shares of the bank’s stock after acquiring an additional 4,947 shares during the period. Wedge Capital Management L L P NC’s holdings in BancFirst were worth $6,702,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its position in BancFirst by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock valued at $125,000 after buying an additional 86 shares during the period. SG Americas Securities LLC purchased a new stake in BancFirst during the third quarter valued at about $134,000. Great West Life Assurance Co. Can boosted its position in BancFirst by 100.0% during the third quarter. Great West Life Assurance Co. Can now owns 2,630 shares of the bank’s stock valued at $149,000 after buying an additional 1,315 shares during the period. Legal & General Group Plc boosted its position in BancFirst by 58.2% during the second quarter. Legal & General Group Plc now owns 2,946 shares of the bank’s stock valued at $286,000 after buying an additional 1,084 shares during the period. Finally, State Board of Administration of Florida Retirement System purchased a new stake in BancFirst during the third quarter valued at about $201,000. Institutional investors and hedge funds own 33.03% of the company’s stock.
Shares of BancFirst Co. (BANF) opened at $53.50 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. BancFirst Co. has a 1 year low of $42.50 and a 1 year high of $61.05. The stock has a market cap of $1,699.18, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68.
The company also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.21 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.57%. BancFirst’s dividend payout ratio is currently 31.70%.
Several analysts have issued reports on BANF shares. Zacks Investment Research lowered shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. BidaskClub lowered shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th.
In other news, insider Kelly Foster sold 2,500 shares of the stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $55.41, for a total transaction of $138,525.00. Following the completion of the sale, the insider now directly owns 300 shares in the company, valued at $16,623. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Banking Ltd Ptnrshp R sold 44,590 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $56.03, for a total transaction of $2,498,377.70. Following the sale, the insider now owns 10,902,651 shares of the company’s stock, valued at $610,875,535.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,849 shares of company stock valued at $5,875,284. 42.32% of the stock is currently owned by company insiders.
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BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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