Quantum Private Wealth LLC Has $489,000 Holdings in BancFirst Co. (NASDAQ:BANF)

Quantum Private Wealth LLC decreased its position in BancFirst Co. (NASDAQ:BANF) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,169 shares of the bank’s stock after selling 180 shares during the period. Quantum Private Wealth LLC’s holdings in BancFirst were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BANF. State Street Corp boosted its position in shares of BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after buying an additional 96,483 shares during the period. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 58,016 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 26,707 shares during the period. JPMorgan Chase & Co. grew its stake in BancFirst by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after acquiring an additional 32,636 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in BancFirst during the 3rd quarter valued at about $112,370,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BancFirst

In other news, EVP Dennis L. Brand sold 4,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. This represents a 10.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the completion of the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $707,820. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 43,607 shares of company stock worth $5,377,543 over the last three months. Corporate insiders own 33.89% of the company’s stock.

BancFirst Trading Down 0.4 %

Shares of NASDAQ BANF opened at $119.44 on Friday. The business has a 50 day simple moving average of $119.68 and a 200 day simple moving average of $113.45. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 18.55 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, research analysts predict that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.54%. The ex-dividend date was Tuesday, December 31st. BancFirst’s payout ratio is 28.57%.

Analysts Set New Price Targets

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

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.