Handelsinvest Investeringsforvaltning Lowers Holdings in BancFirst Co. (NASDAQ:BANF)

Handelsinvest Investeringsforvaltning lessened its stake in BancFirst Co. (NASDAQ:BANF) by 34.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,477 shares of the bank’s stock after selling 1,286 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in BancFirst were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of BANF. GAMMA Investing LLC purchased a new position in BancFirst in the 4th quarter worth approximately $25,000. D.A. Davidson & CO. bought a new position in shares of BancFirst during the fourth quarter worth $216,000. Steward Partners Investment Advisory LLC grew its stake in BancFirst by 32.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,551 shares of the bank’s stock valued at $248,000 after acquiring an additional 629 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in BancFirst in the 4th quarter valued at $271,000. Finally, Apollon Wealth Management LLC purchased a new stake in BancFirst in the 4th quarter worth $283,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Trading Down 1.4 %

Shares of BancFirst stock opened at $86.60 on Thursday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.06. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 14.15 and a beta of 1.04. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $104.00. The business has a 50-day moving average price of $87.38 and a 200-day moving average price of $88.70.

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

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.43 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.99%. BancFirst’s payout ratio is currently 28.10%.

Insider Transactions at BancFirst

In related news, EVP Dennis Jay Hannah sold 5,496 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the completion of the transaction, the executive vice president now owns 10,714 shares of the company’s stock, valued at approximately $988,152.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Dennis Jay Hannah sold 5,496 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the completion of the transaction, the executive vice president now owns 10,714 shares of the company’s stock, valued at approximately $988,152.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $900,000. The disclosure for this sale can be found here. Insiders have sold a total of 16,000 shares of company stock worth $1,453,360 in the last three months. Insiders own 33.89% of the company’s stock.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.