Venturi Wealth Management LLC Sells 350 Shares of BancFirst Co. (NASDAQ:BANF)

Venturi Wealth Management LLC decreased its stake in shares of BancFirst Co. (NASDAQ:BANF) by 17.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,706 shares of the bank’s stock after selling 350 shares during the period. Venturi Wealth Management LLC’s holdings in BancFirst were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BANF. Whittier Trust Co. of Nevada Inc. purchased a new stake in BancFirst during the 3rd quarter worth about $38,000. Blue Trust Inc. lifted its holdings in BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares in the last quarter. KBC Group NV lifted its holdings in BancFirst by 85.6% during 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 in the last quarter. Quantbot Technologies LP lifted its holdings in BancFirst by 83.5% during 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 in the last quarter. Finally, Retirement Investment Advisors Inc. purchased a new stake in BancFirst during the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analysts Set New Price Targets

BANF has been the topic of a number of recent research reports. Keefe, Bruyette & Woods increased their price objective on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

Insider Buying and Selling

In related news, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value 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. The trade was a 10.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the sale, the executive vice president now owns 43,564 shares of the company’s stock, valued at $5,317,421.84. The trade was a 10.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock worth $2,309,050 in the last quarter. 33.89% of the stock is owned by insiders.

BancFirst Stock Performance

NASDAQ:BANF opened at $116.04 on Friday. The business’s 50-day moving average price is $118.86 and its two-hundred day moving average price is $113.94. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The stock has a market cap of $3.84 billion, a P/E ratio of 18.02 and a beta of 1.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

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.