BancFirst Co. (NASDAQ:BANF) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lessened its holdings in BancFirst Co. (NASDAQ:BANF) by 11.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,006 shares of the bank’s stock after selling 1,949 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in BancFirst were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of BANF. Los Angeles Capital Management LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at about $467,000. GAMMA Investing LLC purchased a new stake in BancFirst during the 4th quarter worth about $25,000. New York State Common Retirement Fund raised its stake in BancFirst by 4.4% in the 4th quarter. New York State Common Retirement Fund now owns 9,500 shares of the bank’s stock valued at $925,000 after purchasing an additional 399 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in BancFirst in the 4th quarter valued at about $701,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of BancFirst during the 4th quarter worth about $8,818,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, January 19th.

BancFirst Trading Up 0.7 %

Shares of BANF traded up $0.63 during mid-day trading on Monday, reaching $92.25. The company had a trading volume of 2,490 shares, compared to its average volume of 63,902. BancFirst Co. has a fifty-two week low of $71.37 and a fifty-two week high of $104.00. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 14.97 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $86.90 and a 200-day simple moving average of $88.48.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 annualized dividend and a yield of 1.86%. BancFirst’s payout ratio is 28.10%.

Insider Activity at BancFirst

In related news, EVP Dennis Jay Hannah sold 300 shares of the company’s stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total transaction of $27,618.00. Following the completion of the sale, the executive vice president now directly owns 18,414 shares of the company’s stock, valued at approximately $1,695,192.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other BancFirst news, EVP Kevin Lawrence sold 1,159 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $88.00, for a total value of $101,992.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $880,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dennis Jay Hannah sold 300 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total transaction of $27,618.00. Following the completion of the transaction, the executive vice president now owns 18,414 shares in the company, valued at approximately $1,695,192.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,504 shares of company stock worth $2,624,974. 33.89% of the stock is currently owned by corporate insiders.

BancFirst 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.