Principal Financial Group Inc. Sells 276 Shares of BancFirst Co. (NASDAQ:BANF)

Principal Financial Group Inc. reduced its position in BancFirst Co. (NASDAQ:BANF) by 0.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 76,151 shares of the bank’s stock after selling 276 shares during the quarter. Principal Financial Group Inc.’s holdings in BancFirst were worth $6,704,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BANF. Norges Bank acquired a new stake in shares of BancFirst in the 4th quarter valued at approximately $23,802,000. International Assets Investment Management LLC acquired a new stake in BancFirst during the 4th quarter worth approximately $8,818,000. BancFirst Trust & Investment Management boosted its position in BancFirst by 4.2% during the 1st quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after buying an additional 45,629 shares during the period. Invesco Ltd. boosted its position in BancFirst by 32.4% during the 3rd quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock worth $7,621,000 after buying an additional 21,521 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in BancFirst during the 3rd quarter worth approximately $1,242,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at BancFirst

In other news, EVP Dennis Jay Hannah sold 300 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total value of $27,618.00. Following the transaction, the executive vice president now owns 18,414 shares in the company, valued at approximately $1,695,192.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Kevin Lawrence sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $900,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis Jay Hannah sold 300 shares of the business’s stock in a transaction that occurred 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 16,000 shares of company stock worth $1,453,360. Company insiders own 33.89% of the company’s stock.

BancFirst Trading Down 0.8 %

NASDAQ:BANF traded down $0.69 during mid-day trading on Friday, hitting $85.91. 4,331 shares of the company’s stock were exchanged, compared to its average volume of 63,821. The company has a 50 day simple moving average of $87.32 and a 200-day simple moving average of $88.69. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $104.00. The firm has a market capitalization of $2.83 billion, a P/E ratio of 14.15 and a beta of 1.04.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, April 18th. The bank reported $1.50 EPS for the quarter, topping the consensus estimate of $1.37 by $0.13. BancFirst had a net margin of 24.65% and a return on equity of 14.62%. The business had revenue of $151.00 million for the quarter, compared to the consensus estimate of $147.75 million. As a group, research analysts expect that BancFirst Co. will post 5.8 earnings per share for the current year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.43 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.72 annualized dividend and a yield of 2.00%. BancFirst’s dividend payout ratio is presently 28.10%.

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.