Louisiana State Employees Retirement System Invests $701,000 in BancFirst Co. (NASDAQ:BANF)

Louisiana State Employees Retirement System acquired a new position in BancFirst Co. (NASDAQ:BANF) during the 4th quarter, HoldingsChannel reports. The fund acquired 7,200 shares of the bank’s stock, valued at approximately $701,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd grew its stake in shares of BancFirst by 13.9% in the third quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock worth $108,000 after purchasing an additional 153 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of BancFirst in the third quarter worth $140,000. Pathstone Family Office LLC bought a new stake in shares of BancFirst in the third quarter worth $219,000. AlphaMark Advisors LLC bought a new stake in shares of BancFirst in the fourth quarter worth $271,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of BancFirst by 46.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,383 shares of the bank’s stock worth $293,000 after purchasing an additional 1,073 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their price objective on shares of BancFirst from $95.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, January 19th.

BancFirst Stock Performance

Shares of BANF opened at $89.08 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.94 billion, a P/E ratio of 14.56 and a beta of 1.09. The firm’s fifty day simple moving average is $86.69 and its two-hundred day simple moving average is $88.25. BancFirst Co. has a 12 month low of $68.44 and a 12 month high of $104.00.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.43 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.93%. BancFirst’s dividend payout ratio (DPR) is currently 28.10%.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $88.66, for a total transaction of $354,640.00. Following the sale, the executive vice president now owns 24,714 shares of the company’s stock, valued at $2,191,143.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Kevin Lawrence sold 1,529 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $88.00, for a total transaction of $134,552.00. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $880,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dennis Jay Hannah sold 4,000 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $88.66, for a total transaction of $354,640.00. Following the transaction, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $2,191,143.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,300 shares of company stock valued at $1,706,128. 33.89% of the stock is currently owned by 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.