Teacher Retirement System of Texas Has $2.52 Million Stock Holdings in BancFirst Co. (NASDAQ:BANF)

Teacher Retirement System of Texas raised its stake in BancFirst Co. (NASDAQ:BANF) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,489 shares of the bank’s stock after purchasing an additional 3,128 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of BancFirst worth $2,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BANF. Smartleaf Asset Management LLC increased its holdings in BancFirst by 155.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after buying an additional 191 shares during the last quarter. AlphaQuest LLC grew its position in shares of BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock valued at $101,000 after acquiring an additional 89 shares during the period. KBC Group NV increased its stake in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after purchasing an additional 536 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of BancFirst by 83.5% in the 3rd quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after purchasing an additional 666 shares during the period. Finally, Retirement Investment Advisors Inc. acquired a new stake in BancFirst in the 3rd quarter valued at about $200,000. Institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BANF shares. Keefe, Bruyette & Woods boosted their price target on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd.

Insider Buying and Selling

In other news, Director William Scott Martin sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the sale, the executive vice president now owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,000 shares of company stock valued at $2,994,350. 33.89% of the stock is owned by company insiders.

BancFirst Trading Up 0.1 %

Shares of BANF stock opened at $111.87 on Thursday. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The company has a market capitalization of $3.72 billion, a PE ratio of 17.37 and a beta of 1.03. The firm has a 50 day moving average price of $116.61 and a two-hundred day moving average price of $115.69. 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 released 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, analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.46 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.64%. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

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.