Rhumbline Advisers lifted its holdings in BancFirst Co. (NASDAQ:BANF) by 33.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 38,400 shares of the bank’s stock after purchasing an additional 9,531 shares during the quarter. Rhumbline Advisers’ holdings in BancFirst were worth $2,128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its position in shares of BancFirst by 1,267.6% in the 3rd quarter. CWM LLC now owns 465 shares of the bank’s stock valued at $26,000 after purchasing an additional 431 shares during the period. Quantamental Technologies LLC acquired a new position in shares of BancFirst in the 2nd quarter valued at approximately $47,000. Parallel Advisors LLC acquired a new position in shares of BancFirst in the 2nd quarter valued at approximately $78,000. Bank of Montreal Can acquired a new position in shares of BancFirst in the 2nd quarter valued at approximately $87,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of BancFirst in the 1st quarter valued at approximately $141,000. Institutional investors and hedge funds own 34.58% of the company’s stock.

In other news, insider David Seat sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $59.13, for a total transaction of $236,520.00. Following the sale, the insider now owns 9,500 shares in the company, valued at approximately $561,735. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Kelly Foster sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $60.00, for a total value of $150,000.00. Following the sale, the senior vice president now owns 2,500 shares in the company, valued at approximately $150,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,000 shares of company stock valued at $1,692,570. Insiders own 38.27% of the company’s stock.

Several equities analysts recently issued reports on BANF shares. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Friday, September 6th. Sandler O’Neill started coverage on BancFirst in a research report on Wednesday, August 14th. They issued a “hold” rating for the company. ValuEngine lowered BancFirst from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. Finally, BidaskClub downgraded BancFirst from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

NASDAQ:BANF opened at $59.11 on Thursday. BancFirst Co. has a twelve month low of $48.07 and a twelve month high of $60.10. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $56.94 and a two-hundred day moving average price of $55.96. The company has a market cap of $1.93 billion, a P/E ratio of 14.68 and a beta of 0.85.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.01). BancFirst had a return on equity of 14.47% and a net margin of 29.12%. The firm had revenue of $107.91 million for the quarter, compared to analyst estimates of $104.77 million. As a group, analysts anticipate that BancFirst Co. will post 4.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.32 per share. The ex-dividend date was Friday, September 27th. This represents a $1.28 dividend on an annualized basis and a yield of 2.17%. This is an increase from BancFirst’s previous quarterly dividend of $0.30. BancFirst’s dividend payout ratio is 33.51%.

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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

Further Reading: What is the Beige Book?

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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