Wedge Capital Management L L P NC reduced its position in BancFirst Co. (NASDAQ:BANF) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 82,034 shares of the bank’s stock after selling 242 shares during the quarter. Wedge Capital Management L L P NC’s holdings in BancFirst were worth $4,546,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its position in shares of BancFirst by 18.6% in the 1st quarter. First Trust Advisors LP now owns 70,698 shares of the bank’s stock worth $3,687,000 after purchasing an additional 11,086 shares during the last quarter. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of BancFirst in the first quarter valued at about $141,000. Denali Advisors LLC increased its position in shares of BancFirst by 199.2% in the second quarter. Denali Advisors LLC now owns 15,200 shares of the bank’s stock valued at $846,000 after acquiring an additional 10,119 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of BancFirst in the second quarter valued at about $205,000. Finally, Virginia Retirement Systems ET AL increased its position in shares of BancFirst by 9.3% in the second quarter. Virginia Retirement Systems ET AL now owns 9,400 shares of the bank’s stock valued at $523,000 after acquiring an additional 800 shares during the last quarter. 34.49% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $59.22, for a total transaction of $296,100.00. Following the completion of the sale, the executive vice president now owns 35,000 shares in the company, valued at $2,072,700. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Kelly Foster sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $60.00, for a total value of $150,000.00. Following the sale, the senior vice president now owns 2,500 shares of the company’s stock, valued at approximately $150,000. The disclosure for this sale can be found here. Insiders have sold 29,000 shares of company stock valued at $1,692,570 in the last quarter. 38.27% of the stock is currently owned by corporate insiders.

A number of analysts recently issued reports on the company. ValuEngine downgraded BancFirst from a “sell” rating to a “strong sell” rating in a research report on Friday, November 1st. BidaskClub downgraded BancFirst from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Friday, September 6th. Finally, Sandler O’Neill assumed coverage on BancFirst in a research report on Wednesday, August 14th. They issued a “hold” rating on the stock.

BancFirst stock opened at $59.67 on Friday. BancFirst Co. has a 52 week low of $48.07 and a 52 week high of $60.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $1.94 billion, a P/E ratio of 15.62 and a beta of 0.85. The stock has a 50-day simple moving average of $56.72 and a 200 day simple moving average of $55.89.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.01). BancFirst had a return on equity of 14.47% and a net margin of 29.12%. The business had revenue of $107.91 million for the quarter, compared to the consensus estimate of $104.77 million. Research analysts forecast that BancFirst Co. will post 4.08 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.28 dividend on an annualized basis and a yield of 2.15%. This is a boost from BancFirst’s previous quarterly dividend of $0.30. BancFirst’s dividend payout ratio (DPR) is presently 33.51%.

About BancFirst

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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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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