1,992 Shares in BancFirst Co. (NASDAQ:BANF) Bought by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in BancFirst Co. (NASDAQ:BANF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,992 shares of the bank’s stock, valued at approximately $233,000.

Other large investors also recently modified their holdings of the company. Mutual of America Capital Management LLC boosted its holdings in BancFirst by 24.9% in the third quarter. Mutual of America Capital Management LLC now owns 2,979 shares of the bank’s stock valued at $314,000 after purchasing an additional 593 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of BancFirst by 29.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 15,559 shares of the bank’s stock valued at $1,638,000 after purchasing an additional 3,509 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of BancFirst during the 3rd quarter valued at approximately $671,000. Charles Schwab Investment Management Inc. boosted its stake in shares of BancFirst by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank’s stock valued at $20,242,000 after buying an additional 26,707 shares during the last quarter. Finally, Citigroup Inc. increased its stake in shares of BancFirst by 39.1% in the third quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock worth $3,906,000 after buying an additional 10,425 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BancFirst

In other news, EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total transaction of $610,300.00. Following the completion of the transaction, the executive vice president now owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. The trade was a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. This represents a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,000 shares of company stock worth $2,994,350 in the last 90 days. 33.89% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

BancFirst Stock Performance

Shares of BANF opened at $109.51 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The business’s fifty day moving average price is $116.26 and its 200 day moving average price is $115.69. The stock has a market capitalization of $3.64 billion, a PE ratio of 17.00 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating 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%. Equities research analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

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

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.