Vestmark Advisory Solutions Inc. Has $1.46 Million Position in BancFirst Co. (NASDAQ:BANF)

Vestmark Advisory Solutions Inc. lessened its holdings in BancFirst Co. (NASDAQ:BANF) by 11.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,006 shares of the bank’s stock after selling 1,949 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in BancFirst were worth $1,461,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new position in shares of BancFirst during the fourth quarter valued at about $25,000. Covestor Ltd grew its stake in BancFirst by 13.9% in the third quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock valued at $108,000 after acquiring an additional 153 shares during the period. Pathstone Family Office LLC bought a new position in BancFirst in the third quarter valued at approximately $219,000. AlphaMark Advisors LLC bought a new stake in BancFirst in the 4th quarter valued at approximately $271,000. Finally, Lido Advisors LLC acquired a new position in shares of BancFirst during the 3rd quarter worth about $293,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Trading Up 0.7 %

Shares of BancFirst stock traded up $0.63 during midday trading on Monday, reaching $92.25. The company had a trading volume of 2,490 shares, compared to its average volume of 63,902. The firm has a market cap of $3.04 billion, a PE ratio of 14.97 and a beta of 1.07. The stock has a fifty day moving average price of $86.90 and a 200 day moving average price of $88.48. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95. BancFirst Co. has a fifty-two week low of $71.37 and a fifty-two week high of $104.00.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, March 27th. BancFirst’s payout ratio is 28.10%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price target on BancFirst from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th.

Insider Transactions at BancFirst

In other BancFirst news, EVP Kevin Lawrence sold 7,312 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $88.00, for a total value of $643,456.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $880,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kevin Lawrence sold 7,312 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $88.00, for a total value of $643,456.00. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $880,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dennis Jay Hannah sold 4,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $88.66, for a total transaction of $354,640.00. Following the completion of the transaction, the executive vice president now directly owns 24,714 shares of the company’s stock, valued at $2,191,143.24. The disclosure for this sale can be found here. Insiders have sold 29,504 shares of company stock valued at $2,624,974 over the last ninety days. 33.89% of the stock is owned by company insiders.

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.