Fmr LLC Cuts Holdings in BancFirst Co. (BANF)

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Fmr LLC decreased its position in BancFirst Co. (NASDAQ:BANF) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 915,435 shares of the bank’s stock after selling 23,039 shares during the quarter. Fmr LLC’s holdings in BancFirst were worth $45,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BANF. Vanguard Group Inc. raised its stake in shares of BancFirst by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,816,854 shares of the bank’s stock worth $108,921,000 after purchasing an additional 31,758 shares in the last quarter. Vanguard Group Inc raised its stake in shares of BancFirst by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 1,816,854 shares of the bank’s stock worth $108,921,000 after purchasing an additional 31,758 shares in the last quarter. BlackRock Inc. raised its stake in shares of BancFirst by 3.7% during the 4th quarter. BlackRock Inc. now owns 1,311,440 shares of the bank’s stock worth $65,441,000 after purchasing an additional 47,303 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of BancFirst by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,171,060 shares of the bank’s stock worth $58,436,000 after purchasing an additional 8,825 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of BancFirst by 0.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,344 shares of the bank’s stock worth $22,441,000 after purchasing an additional 3,187 shares in the last quarter. Hedge funds and other institutional investors own 34.41% of the company’s stock.

Shares of BancFirst stock opened at $55.77 on Thursday. BancFirst Co. has a 12-month low of $48.07 and a 12-month high of $65.70. The company has a market cap of $1.79 billion, a PE ratio of 14.60, a P/E/G ratio of 2.09 and a beta of 0.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.03.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 17th. The bank reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.04. BancFirst had a return on equity of 14.68% and a net margin of 29.37%. The company had revenue of $100.74 million for the quarter, compared to analysts’ expectations of $97.57 million. As a group, equities analysts expect that BancFirst Co. will post 3.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Thursday, March 28th. BancFirst’s payout ratio is presently 31.41%.

A number of brokerages have recently issued reports on BANF. Zacks Investment Research cut BancFirst from a “buy” rating to a “hold” rating in a research note on Monday, December 24th. ValuEngine upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, BidaskClub upgraded BancFirst from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th.

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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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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Want to see what other hedge funds are holding BANF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BancFirst Co. (NASDAQ:BANF).

Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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