Champlain Investment Partners LLC Has $40.28 Million Position in BancFirst Co. (NASDAQ:BANF)

Champlain Investment Partners LLC cut its holdings in BancFirst Co. (NASDAQ:BANF) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,768 shares of the bank’s stock after selling 157,405 shares during the quarter. Champlain Investment Partners LLC’s holdings in BancFirst were worth $40,283,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BANF. Norges Bank bought a new stake in BancFirst during the fourth quarter valued at about $26,649,000. Raymond James Financial Inc. acquired a new position in shares of BancFirst in the 4th quarter worth approximately $11,958,000. Geode Capital Management LLC lifted its holdings in shares of BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after acquiring an additional 58,016 shares during the period. JPMorgan Chase & Co. boosted its position in BancFirst by 35.8% in the fourth quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank’s stock valued at $20,560,000 after buying an additional 46,253 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of BancFirst by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock worth $270,241,000 after acquiring an additional 44,563 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Insider Buying and Selling

In other BancFirst news, 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 transaction, the director now owns 214,499 shares of the company’s stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $723,480. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $2,994,350 over the last ninety days. Company insiders own 33.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

BancFirst Price Performance

Shares of BANF stock opened at $109.54 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst Co. has a 52-week low of $81.35 and a 52-week high of $132.29. The firm’s 50 day moving average price is $111.62 and its two-hundred day moving average price is $115.58. The stock has a market cap of $3.64 billion, a PE ratio of 17.01 and a beta of 0.82.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, topping 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 business had revenue of $164.84 million for the quarter, compared to analyst estimates of $161.72 million. As a group, analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.68%. BancFirst’s payout ratio is 28.57%.

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.