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

Tectonic Advisors LLC raised its position in shares of BancFirst Co. (NASDAQ:BANF) by 11.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,383 shares of the bank’s stock after buying an additional 1,157 shares during the quarter. Tectonic Advisors LLC’s holdings in BancFirst were worth $1,334,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of BancFirst by 12.4% during the 3rd quarter. State Street Corp now owns 872,101 shares of the bank’s stock valued at $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 worth $50,823,000 after buying an additional 58,016 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of BancFirst by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank’s stock worth $20,242,000 after buying an additional 26,707 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BancFirst by 33.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after buying an additional 32,636 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of BancFirst during the 3rd quarter valued at about $112,370,000. Institutional investors own 51.72% of the company’s stock.

BancFirst Stock Performance

Shares of BANF stock opened at $122.03 on Thursday. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. 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 firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.95 and a beta of 1.05. The business has a 50 day simple moving average of $120.63 and a 200 day simple moving average of $112.80.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. On average, equities research analysts anticipate that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

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

Insider Activity

In other news, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now directly owns 33,000 shares in the company, valued at approximately $4,174,500. This trade represents a 10.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total value of $589,850.00. Following the completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $707,820. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,905 shares of company stock worth $8,536,994 over the last three months. Corporate insiders own 33.89% of the company’s stock.

Analyst Ratings Changes

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

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.