Alpine Global Management LLC Acquires Shares of 6,890 BancFirst Co. (NASDAQ:BANF)

Alpine Global Management LLC bought a new stake in BancFirst Co. (NASDAQ:BANF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,890 shares of the bank’s stock, valued at approximately $807,000.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in BancFirst by 0.4% in the fourth quarter. Stifel Financial Corp now owns 38,005 shares of the bank’s stock valued at $4,453,000 after acquiring an additional 155 shares during the period. State of Tennessee Department of Treasury lifted its holdings in BancFirst by 23.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 10,168 shares of the bank’s stock worth $1,191,000 after buying an additional 1,926 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in BancFirst by 200.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,846 shares of the bank’s stock valued at $216,000 after purchasing an additional 1,232 shares during the period. MetLife Investment Management LLC lifted its stake in shares of BancFirst by 3.9% in the 4th quarter. MetLife Investment Management LLC now owns 11,911 shares of the bank’s stock worth $1,396,000 after acquiring an additional 444 shares during the period. Finally, First Trust Advisors LP lifted its stake in BancFirst by 19.2% during the fourth quarter. First Trust Advisors LP now owns 89,988 shares of the bank’s stock valued at $10,545,000 after purchasing an additional 14,480 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total transaction of $602,900.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at $723,480. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. This trade represents a 4.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $2,994,350 over the last 90 days. Corporate insiders own 32.43% of the company’s stock.

BancFirst Stock Performance

BANF stock opened at $113.08 on Tuesday. The firm has a market cap of $3.76 billion, a PE ratio of 17.56 and a beta of 0.82. The business has a 50 day moving average of $111.24 and a 200-day moving average of $115.91. 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 Co. has a 12-month low of $81.56 and a 12-month high of $132.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. The firm had revenue of $164.84 million during the quarter, compared to the consensus estimate of $161.72 million. As a group, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date was Monday, March 31st. BancFirst’s dividend payout ratio (DPR) is 27.84%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.