Monroe Bank & Trust MI reduced its stake in BancFirst Corporation (NASDAQ:BANF) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,772 shares of the company’s stock after selling 1,553 shares during the period. Monroe Bank & Trust MI’s holdings in BancFirst Corporation were worth $1,274,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of BANF. Capital One National Association raised its position in BancFirst Corporation by 41.5% in the third quarter. Capital One National Association now owns 9,956 shares of the company’s stock valued at $722,000 after buying an additional 2,922 shares during the period. Chicago Equity Partners LLC purchased a new stake in BancFirst Corporation during the third quarter valued at $430,000. California Public Employees Retirement System raised its stake in BancFirst Corporation by 3.4% in the third quarter. California Public Employees Retirement System now owns 12,200 shares of the company’s stock valued at $885,000 after buying an additional 400 shares during the last quarter. Nationwide Fund Advisors raised its stake in BancFirst Corporation by 11.3% in the third quarter. Nationwide Fund Advisors now owns 20,079 shares of the company’s stock valued at $1,456,000 after buying an additional 2,046 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in BancFirst Corporation by 73.4% in the third quarter. Acadian Asset Management LLC now owns 14,865 shares of the company’s stock valued at $1,079,000 after buying an additional 6,292 shares during the last quarter. 30.69% of the stock is owned by hedge funds and other institutional investors.
BancFirst Corporation (NASDAQ:BANF) traded up 1.17% during mid-day trading on Monday, hitting $95.50. 6,757 shares of the stock traded hands. The firm has a market cap of $1.51 billion, a P/E ratio of 21.51 and a beta of 0.68. BancFirst Corporation has a 52 week low of $53.39 and a 52 week high of $96.89. The firm’s 50-day moving average price is $93.78 and its 200-day moving average price is $78.88.
BancFirst Corporation (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 19th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.03. BancFirst Corporation had a net margin of 21.02% and a return on equity of 10.43%. On average, equities analysts forecast that BancFirst Corporation will post $4.63 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research raised shares of BancFirst Corporation from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Tuesday, October 25th.
In related news, Director Ronald J. Norick sold 7,000 shares of the stock in a transaction on Monday, January 30th. The shares were sold at an average price of $93.56, for a total transaction of $654,920.00. Following the transaction, the director now directly owns 7,000 shares of the company’s stock, valued at $654,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Banking Ltd Ptnrshp R sold 48,111 shares of the stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $81.97, for a total transaction of $3,943,658.67. Following the transaction, the insider now directly owns 5,563,500 shares in the company, valued at $456,040,095. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 229,375 shares of company stock worth $19,559,481. Insiders own 44.97% of the company’s stock.
BancFirst Corporation Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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