Rafferty Asset Management LLC Purchases 7,364 Shares of BancFirst Co. (NASDAQ:BANF)

Rafferty Asset Management LLC increased its position in BancFirst Co. (NASDAQ:BANFFree Report) by 69.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,978 shares of the bank’s stock after buying an additional 7,364 shares during the period. Rafferty Asset Management LLC’s holdings in BancFirst were worth $1,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BANF. Norges Bank purchased a new position in BancFirst in the 4th quarter worth $23,802,000. International Assets Investment Management LLC purchased a new position in BancFirst in the 4th quarter worth $8,818,000. Fuller & Thaler Asset Management Inc. raised its stake in BancFirst by 11.5% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock worth $21,400,000 after acquiring an additional 25,541 shares during the last quarter. Invesco Ltd. raised its stake in BancFirst by 32.4% in the 3rd quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock worth $7,621,000 after acquiring an additional 21,521 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in BancFirst in the 3rd quarter worth $1,242,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Insiders Place Their Bets

In other BancFirst news, EVP Dennis Jay Hannah sold 300 shares of the stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total transaction of $27,618.00. Following 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Dennis Jay Hannah sold 300 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total transaction of $27,618.00. Following the sale, the executive vice president now directly owns 18,414 shares in the company, valued at approximately $1,695,192.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kevin Lawrence sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at $900,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,000 shares of company stock valued at $1,453,360. Company insiders own 33.89% of the company’s stock.

BancFirst Stock Performance

Shares of BANF stock opened at $82.80 on Tuesday. The business has a fifty day moving average of $87.60 and a 200 day moving average of $89.34. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.95. BancFirst Co. has a 1 year low of $79.99 and a 1 year high of $104.00.

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

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Friday, June 28th. BancFirst’s dividend payout ratio is currently 28.10%.

BancFirst Company Profile

(Free Report)

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.

Recommended Stories

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:BANFFree Report).

Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

Receive News & Ratings for BancFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst and related companies with MarketBeat.com's FREE daily email newsletter.