Advantage Alpha Capital Partners LP Acquires 675 Shares of BancFirst Co. (NASDAQ:BANF)

Advantage Alpha Capital Partners LP grew its holdings in BancFirst Co. (NASDAQ:BANF) by 13.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,812 shares of the bank’s stock after acquiring an additional 675 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in BancFirst were worth $681,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in BancFirst in the 4th quarter worth about $11,958,000. State Street Corp grew its stake in BancFirst by 12.4% in the 3rd 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 increased its position in shares of BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after acquiring an additional 58,016 shares during the period. Vanguard Group Inc. raised its stake in shares of BancFirst by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock valued at $270,241,000 after acquiring an additional 44,563 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in shares of BancFirst in the fourth quarter valued at approximately $4,859,000. 51.72% of the stock is currently owned by institutional investors.

Insider Activity at BancFirst

In related news, Director William Scott Martin sold 10,000 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This represents a 4.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darryl Schmidt sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the sale, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. This represents a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock valued at $2,994,350 over the last 90 days. Insiders own 33.89% of the company’s stock.

BancFirst Stock Down 0.0 %

BancFirst stock opened at $109.61 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.64 billion, a P/E ratio of 17.02 and a beta of 1.03. The business has a fifty day moving average of $116.81 and a two-hundred day moving average of $115.57. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data 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%. On average, analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BANF shares. Keefe, Bruyette & Woods lifted their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

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.