Entropy Technologies LP Reduces Stock Holdings in BancFirst Co. (NASDAQ:BANF)

Entropy Technologies LP cut its position in shares of BancFirst Co. (NASDAQ:BANF) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,902 shares of the bank’s stock after selling 1,000 shares during the period. Entropy Technologies LP’s holdings in BancFirst were worth $223,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BANF. Blue Trust Inc. increased its holdings in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares during the last quarter. Sanctuary Advisors LLC increased its stake in BancFirst by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after acquiring an additional 110 shares during the last quarter. Victory Capital Management Inc. raised its position in BancFirst by 2.9% in the third quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock valued at $953,000 after purchasing an additional 253 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BancFirst in the 3rd quarter valued at $38,000. Finally, KBC Group NV grew its holdings in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after purchasing an additional 536 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. DA Davidson boosted their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods upped their price objective on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

BancFirst Stock Performance

Shares of BancFirst stock opened at $119.95 on Friday. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.63 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average of $119.87 and a 200 day moving average of $113.33. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29.

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%. As a group, sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Tuesday, December 31st. BancFirst’s dividend payout ratio is currently 28.57%.

Insider Activity

In other BancFirst news, EVP Darryl Schmidt sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the sale, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. This trade represents a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,607 shares of company stock worth $5,377,543. Corporate insiders own 33.89% of the company’s stock.

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.