Arlington Partners LLC bought a new position in shares of BancFirst Co. (NASDAQ:BANF) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 498 shares of the bank’s stock, valued at approximately $35,000.
Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its position in BancFirst by 59.5% during the fourth quarter. Signaturefd LLC now owns 531 shares of the bank’s stock worth $31,000 after acquiring an additional 198 shares during the period. International Assets Investment Management LLC acquired a new stake in BancFirst during the fourth quarter worth $88,000. Venturi Wealth Management LLC acquired a new stake in BancFirst during the fourth quarter worth $135,000. Amundi Pioneer Asset Management Inc. acquired a new stake in BancFirst during the first quarter worth $141,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in BancFirst during the third quarter worth $208,000. 37.80% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research note on Wednesday.
BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Wednesday, April 14th. The bank reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.30. BancFirst had a net margin of 21.31% and a return on equity of 9.72%. On average, equities research analysts expect that BancFirst Co. will post 2.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st were paid a $0.34 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $1.36 annualized dividend and a dividend yield of 2.00%. BancFirst’s dividend payout ratio is presently 33.01%.
In other news, SVP Kelly Foster sold 2,500 shares of the business’s stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $60.68, for a total value of $151,700.00. Following the sale, the senior vice president now owns 2,500 shares in the company, valued at approximately $151,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joe Goyne bought 600 shares of BancFirst stock in a transaction dated Friday, January 29th. The stock was purchased at an average price of $58.00 per share, for a total transaction of $34,800.00. Following the purchase, the director now directly owns 4,600 shares in the company, valued at approximately $266,800. The disclosure for this purchase can be found here. Insiders sold a total of 146,266 shares of company stock worth $9,771,136 in the last 90 days. 38.45% of the stock is owned by corporate insiders.
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, Pegasus Bank, 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.
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