Venturi Wealth Management LLC Decreases Stake in BancFirst Co. (NASDAQ:BANF)

Venturi Wealth Management LLC reduced its stake in BancFirst Co. (NASDAQ:BANF) by 17.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,706 shares of the bank’s stock after selling 350 shares during the period. Venturi Wealth Management LLC’s holdings in BancFirst were worth $200,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in BancFirst in the 3rd quarter worth approximately $38,000. Blue Trust Inc. increased its stake in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares during the period. KBC Group NV increased its stake in 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 purchasing an additional 536 shares during the period. Quantbot Technologies LP increased its stake in shares of BancFirst by 83.5% during the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after buying an additional 666 shares during the period. Finally, Retirement Investment Advisors Inc. purchased a new position in shares of BancFirst during the third quarter valued at approximately $200,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Price Performance

BANF opened at $116.04 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 $81.21 and a 52-week high of $132.29. The stock has a market capitalization of $3.84 billion, a PE ratio of 18.02 and a beta of 1.05. The stock’s 50 day moving average price is $118.86 and its 200-day moving average price is $113.94.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. On average, equities research analysts predict that BancFirst Co. will post 6.52 EPS for the current year.

Insider Buying and Selling

In related news, EVP Darryl Schmidt sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the sale, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at $5,317,421.84. This represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dennis L. Brand sold 4,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the completion of the sale, the executive vice president now directly owns 33,000 shares in the company, valued at approximately $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,000 shares of company stock valued at $2,309,050 over the last ninety days. Company insiders own 33.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th.

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.