Advantage Alpha Capital Partners LP Purchases 675 Shares of BancFirst Co. (NASDAQ:BANF)

Advantage Alpha Capital Partners LP boosted its position in BancFirst Co. (NASDAQ:BANF) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,812 shares of the bank’s stock after purchasing an additional 675 shares during the period. Advantage Alpha Capital Partners LP’s holdings in BancFirst were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in BancFirst during the fourth quarter valued at approximately $11,958,000. State Street Corp increased its stake in shares of BancFirst by 12.4% in the 3rd quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after purchasing an additional 96,483 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after purchasing an additional 58,016 shares in the last quarter. Vanguard Group Inc. lifted its position in BancFirst by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock valued at $270,241,000 after purchasing an additional 44,563 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in BancFirst during the fourth quarter valued at about $4,859,000. Institutional investors own 51.72% of the company’s stock.

BancFirst Stock Performance

NASDAQ BANF opened at $109.61 on Monday. The business has a 50-day moving average price of $116.81 and a 200-day moving average price of $115.57. The firm has a market cap of $3.64 billion, a price-to-earnings ratio of 17.02 and a beta of 1.03. BancFirst Co. has a twelve month low of $81.21 and a twelve month 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 posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. As a group, equities research analysts predict that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Monday, March 31st. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling

In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction on 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 completion of the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This trade represents a 4.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Darryl Schmidt sold 5,000 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total transaction of $610,300.00. Following the completion of the transaction, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. The trade was a 10.30 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock worth $2,994,350. Corporate insiders own 33.89% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price objective on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd.

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.