Bessemer Group Inc. Has $962,000 Position in BancFirst Co. (BANF)
Bessemer Group Inc. lowered its stake in shares of BancFirst Co. (NASDAQ:BANF) by 32.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,800 shares of the bank’s stock after selling 9,000 shares during the quarter. Bessemer Group Inc.’s holdings in BancFirst were worth $962,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in BancFirst by 102.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,115,778 shares of the bank’s stock worth $63,320,000 after buying an additional 563,314 shares in the last quarter. Vanguard Group Inc. lifted its stake in BancFirst by 1.3% during the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock worth $77,657,000 after purchasing an additional 10,658 shares during the last quarter. Janus Henderson Group PLC lifted its stake in BancFirst by 121.2% during the third quarter. Janus Henderson Group PLC now owns 523,227 shares of the bank’s stock worth $29,693,000 after purchasing an additional 286,641 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in BancFirst by 102.5% during the third quarter. JPMorgan Chase & Co. now owns 446,497 shares of the bank’s stock worth $25,339,000 after purchasing an additional 226,044 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in BancFirst by 96.1% during the third quarter. Bank of New York Mellon Corp now owns 291,173 shares of the bank’s stock worth $16,525,000 after purchasing an additional 142,674 shares during the last quarter. 33.03% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director H E. Rainbolt purchased 500 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $53.75 per share, for a total transaction of $26,875.00. Following the purchase, the director now owns 606 shares of the company’s stock, valued at $32,572.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kelly Foster sold 2,500 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $55.41, for a total value of $138,525.00. Following the completion of the transaction, the insider now owns 300 shares of the company’s stock, valued at $16,623. The disclosure for this sale can be found here. Insiders have sold 104,849 shares of company stock valued at $5,875,284 over the last 90 days. Corporate insiders own 42.32% of the company’s stock.
Shares of BancFirst Co. (NASDAQ BANF) opened at $53.05 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. BancFirst Co. has a 12 month low of $42.50 and a 12 month high of $61.05. The firm has a market capitalization of $1,706.36, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 1.58 and a beta of 0.68.
BancFirst (NASDAQ:BANF) last released its earnings results on Friday, January 19th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.04). BancFirst had a return on equity of 11.83% and a net margin of 24.35%. The business had revenue of $91.53 million for the quarter, compared to the consensus estimate of $86.53 million. equities analysts anticipate that BancFirst Co. will post 3.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, December 28th. BancFirst’s payout ratio is presently 31.70%.
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BancFirst Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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