BancFirst Co. (NASDAQ:BANF) Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC grew its stake in shares of BancFirst Co. (NASDAQ:BANF) by 11.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,383 shares of the bank’s stock after purchasing an additional 1,157 shares during the period. Tectonic Advisors LLC’s holdings in BancFirst were worth $1,334,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BANF. International Assets Investment Management LLC purchased a new stake in BancFirst during the third quarter valued at about $112,370,000. State Street Corp increased its position in shares of BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after acquiring an additional 96,483 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after acquiring an additional 58,016 shares in the last quarter. Millennium Management LLC lifted its position in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after acquiring an additional 48,006 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in BancFirst by 81.6% in the 4th quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank’s stock worth $8,554,000 after purchasing an additional 32,800 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In other news, Director William Scott Martin sold 10,298 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total transaction of $1,297,650.98. Following the transaction, the director now owns 281,606 shares of the company’s stock, valued at approximately $35,485,172.06. This represents a 3.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the completion of the sale, the executive vice president now owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. This trade represents a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,905 shares of company stock worth $8,536,994 in the last 90 days. 33.89% of the stock is owned by insiders.

BancFirst Trading Up 1.3 %

NASDAQ BANF opened at $122.03 on Thursday. The company has a market capitalization of $4.04 billion, a PE ratio of 18.95 and a beta of 1.05. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm’s fifty day simple moving average is $120.63 and its 200-day simple moving average is $112.80.

BancFirst (NASDAQ:BANF) last posted its quarterly 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%. As a group, sell-side analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, December 31st. BancFirst’s dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

BANF has been the subject of a number of research analyst reports. DA Davidson increased their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods raised their price objective on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

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.