Occudo Quantitative Strategies LP Sells 1,629 Shares of BancFirst Co. (NASDAQ:BANF)

Occudo Quantitative Strategies LP decreased its holdings in BancFirst Co. (NASDAQ:BANF) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,666 shares of the bank’s stock after selling 1,629 shares during the period. Occudo Quantitative Strategies LP’s holdings in BancFirst were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BANF. Barclays PLC increased its holdings in shares of BancFirst by 94.6% in the 3rd quarter. Barclays PLC now owns 56,136 shares of the bank’s stock worth $5,908,000 after purchasing an additional 27,295 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of BancFirst by 40.2% in the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after buying an additional 29,050 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in shares of BancFirst by 110.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,020 shares of the bank’s stock worth $588,000 after buying an additional 2,630 shares during the last quarter. Liberty One Investment Management LLC purchased a new position in shares of BancFirst in the 4th quarter worth $660,000. Finally, KBC Group NV boosted its stake 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 buying an additional 536 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

BancFirst Stock Performance

BANF stock opened at $127.87 on Thursday. The company has a market cap of $4.25 billion, a P/E ratio of 19.86 and a beta of 0.78. BancFirst Co. has a 1 year low of $81.56 and a 1 year high of $132.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s fifty day moving average price is $112.58 and its 200-day moving average price is $117.34.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million for the quarter, compared to the consensus estimate of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. On average, equities analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.46 per share. The ex-dividend date was Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 1.44%. BancFirst’s dividend payout ratio (DPR) is presently 27.84%.

Insider Activity at BancFirst

In related news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction 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 transaction, the director now directly owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 32.43% of the stock is owned by company insiders.

BancFirst Company 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.