BancFirst Co. (NASDAQ:BANF) Stake Lowered by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its position in shares of BancFirst Co. (NASDAQ:BANF) by 11.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,063 shares of the bank’s stock after selling 261 shares during the period. GHP Investment Advisors Inc.’s holdings in BancFirst were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new position in BancFirst in the 3rd quarter worth about $38,000. Blue Trust Inc. grew its stake in shares of BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares in the last quarter. nVerses Capital LLC acquired a new position in BancFirst in the third quarter worth approximately $105,000. KBC Group NV raised its position in BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after acquiring an additional 536 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in BancFirst by 83.5% in the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after acquiring an additional 666 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis L. Brand sold 4,000 shares of the stock in a transaction on Thursday, December 12th. The shares were 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 directly owns 33,000 shares of the company’s stock, valued at $4,174,500. This represents a 10.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $723,480. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 73,905 shares of company stock valued at $9,139,894 in the last 90 days. 33.89% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently commented on BANF shares. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods increased their target price on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson boosted their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

BancFirst Price Performance

Shares of BancFirst stock opened at $121.07 on Friday. 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 has a fifty day simple moving average of $120.44 and a 200-day simple moving average of $112.99. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 18.80 and a beta of 1.05. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29.

BancFirst (NASDAQ:BANF) last released its 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 net margin of 23.52% and a return on equity of 14.21%. On average, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.46 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.52%. BancFirst’s payout ratio is 28.57%.

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.