Denali Advisors LLC Has $2.91 Million Stock Holdings in BancFirst Co. (NASDAQ:BANF)

Denali Advisors LLC lifted its position in BancFirst Co. (NASDAQ:BANF) by 58.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,800 shares of the bank’s stock after purchasing an additional 9,100 shares during the quarter. Denali Advisors LLC’s holdings in BancFirst were worth $2,906,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in BANF. Blue Trust Inc. grew its holdings in shares of BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares during the last quarter. KBC Group NV grew its holdings in shares of BancFirst by 85.6% in 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 grew 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 worth $154,000 after purchasing an additional 666 shares during the last quarter. Retirement Investment Advisors Inc. bought a new stake in shares of BancFirst in the 3rd quarter worth about $200,000. Finally, Kolinsky Wealth Management LLC bought a new stake in shares of BancFirst in the 3rd quarter worth about $210,000. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on BANF shares. Keefe, Bruyette & Woods upped their target price on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

BancFirst Stock Up 0.7 %

Shares of NASDAQ:BANF opened at $117.47 on Wednesday. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The company’s 50-day moving average price is $118.52 and its two-hundred day moving average price is $114.42. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.89 billion, a P/E ratio of 18.24 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. As a group, research analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.

Insider Activity

In related news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total value of $589,850.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at $707,820. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dennis L. Brand sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the sale, the executive vice president now owns 33,000 shares in the company, valued at $4,174,500. This represents a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,000 shares of company stock valued at $2,309,050. 33.89% of the stock is currently owned by insiders.

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.