Proficio Capital Partners LLC Purchases Shares of 37,069 BancFirst Co. (NASDAQ:BANF)

Proficio Capital Partners LLC purchased a new stake in BancFirst Co. (NASDAQ:BANF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,069 shares of the bank’s stock, valued at approximately $4,344,000. Proficio Capital Partners LLC owned 0.11% of BancFirst at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BANF. Sanctuary Advisors LLC raised its position in shares of BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock valued at $338,000 after buying an additional 110 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of BancFirst by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock valued at $953,000 after buying an additional 253 shares in the last quarter. Los Angeles Capital Management LLC raised its position in shares of BancFirst by 1.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 20,056 shares of the bank’s stock valued at $2,350,000 after buying an additional 331 shares in the last quarter. KBC Group NV raised its position in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after buying an additional 536 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its position in shares of BancFirst by 24.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 2,979 shares of the bank’s stock valued at $314,000 after buying an additional 593 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BANF shares. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $114.96 on Wednesday. The stock has a market cap of $3.81 billion, a PE ratio of 17.85 and a beta of 1.05. The company’s fifty day moving average is $118.50 and its 200 day moving average is $114.94. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping 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%. Research analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst’s payout ratio is 28.57%.

Insider Buying and Selling at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the transaction, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the transaction, the executive vice president now owns 33,000 shares in the company, valued at $4,174,500. The trade was a 10.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,000 shares of company stock worth $3,500,350. 33.89% of the stock is currently owned by company insiders.

About BancFirst

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.