BancFirst Co. (NASDAQ:BANF) Shares Sold by Champlain Investment Partners LLC

Champlain Investment Partners LLC reduced its position in BancFirst Co. (NASDAQ:BANF) by 8.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 501,173 shares of the bank’s stock after selling 46,506 shares during the quarter. Champlain Investment Partners LLC’s holdings in BancFirst were worth $52,748,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BANF. BancFirst Trust & Investment Management grew its stake in shares of BancFirst by 50.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after purchasing an additional 573,224 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of BancFirst by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock worth $87,888,000 after purchasing an additional 16,664 shares during the period. Charles Schwab Investment Management Inc. grew 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 worth $20,242,000 after purchasing an additional 26,707 shares during the period. International Assets Investment Management LLC acquired a new position in shares of BancFirst during the 3rd quarter worth $112,370,000. Finally, Principal Financial Group Inc. grew its stake in shares of BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after purchasing an additional 29,050 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Price Performance

BancFirst stock opened at $126.28 on Friday. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $129.00. The stock has a market capitalization of $4.18 billion, a P/E ratio of 20.30 and a beta of 1.02. The firm’s 50-day moving average is $111.42 and its two-hundred day moving average is $100.59. 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 (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The company had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. Equities analysts predict that BancFirst Co. will post 6.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William Scott Martin sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total value of $567,500.00. Following the sale, the director now directly owns 306,904 shares of the company’s stock, valued at approximately $34,833,604. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David E. Rainbolt sold 18,376 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $106.22, for a total transaction of $1,951,898.72. Following the completion of the sale, the director now directly owns 223,874 shares in the company, valued at $23,779,896.28. This represents a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 181,714 shares of company stock valued at $20,915,712 in the last ninety days. Insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. DA Davidson increased their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

BancFirst Company 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.