CS Mckee LP boosted its position in shares of BancFirst Co. (NASDAQ:BANF) by 148.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,350 shares of the bank’s stock after purchasing an additional 13,950 shares during the period. CS Mckee LP owned 0.07% of BancFirst worth $1,325,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BANF. Teachers Advisors LLC lifted its position in shares of BancFirst by 4.1% in the first quarter. Teachers Advisors LLC now owns 13,466 shares of the bank’s stock worth $1,211,000 after buying an additional 525 shares during the last quarter. Aperio Group LLC lifted its position in shares of BancFirst by 34.6% in the second quarter. Aperio Group LLC now owns 3,160 shares of the bank’s stock worth $305,000 after buying an additional 812 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of BancFirst by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 56,703 shares of the bank’s stock worth $5,478,000 after buying an additional 2,071 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of BancFirst by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 148,499 shares of the bank’s stock worth $14,346,000 after buying an additional 14,704 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of BancFirst by 58.2% in the second quarter. Legal & General Group Plc now owns 2,946 shares of the bank’s stock worth $286,000 after buying an additional 1,084 shares during the last quarter. 33.10% of the stock is owned by hedge funds and other institutional investors.
In related news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $56.38, for a total transaction of $603,266.00. Following the completion of the transaction, the insider now owns 10,989,300 shares of the company’s stock, valued at approximately $619,576,734. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H E. Rainbolt acquired 500 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $53.75 per share, with a total value of $26,875.00. Following the transaction, the director now directly owns 606 shares in the company, valued at approximately $32,572.50. The disclosure for this purchase can be found here. Insiders have sold a total of 15,200 shares of company stock valued at $852,966 in the last three months. 42.32% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.57%. BancFirst’s dividend payout ratio is presently 31.82%.
A number of analysts have weighed in on the company. BidaskClub cut BancFirst from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Zacks Investment Research cut BancFirst from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, ValuEngine cut BancFirst from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
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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