Illinois Municipal Retirement Fund Purchases 2,665 Shares of BancFirst Co. (NASDAQ:BANF)

Illinois Municipal Retirement Fund grew its position in BancFirst Co. (NASDAQ:BANF) by 35.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,286 shares of the bank’s stock after purchasing an additional 2,665 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in BancFirst were worth $1,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in shares of BancFirst by 1.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 20,056 shares of the bank’s stock worth $2,350,000 after purchasing an additional 331 shares during the period. Handelsbanken Fonder AB boosted its position in shares of BancFirst by 16.4% in the fourth quarter. Handelsbanken Fonder AB now owns 4,958 shares of the bank’s stock worth $581,000 after purchasing an additional 700 shares during the period. Principal Financial Group Inc. boosted its position in shares of BancFirst by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank’s stock worth $12,333,000 after purchasing an additional 3,972 shares during the period. Tectonic Advisors LLC boosted its position in shares of BancFirst by 11.3% in the fourth quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank’s stock worth $1,334,000 after purchasing an additional 1,157 shares during the period. Finally, Hodges Capital Management Inc. boosted its position in shares of BancFirst by 81.6% in the fourth quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank’s stock worth $8,554,000 after purchasing an additional 32,800 shares during the period. 51.72% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BancFirst

In other BancFirst news, EVP Dennis L. Brand sold 4,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the transaction, the executive vice president now owns 33,000 shares in the company, valued at $4,174,500. This trade represents a 10.81 % decrease in their ownership of the stock. 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 stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $707,820. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,000 shares of company stock worth $3,500,350 over the last 90 days. 33.89% of the stock is owned by insiders.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $119.36 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. The firm has a fifty day moving average price of $118.50 and a 200 day moving average price of $114.71. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 18.53 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. As a group, sell-side analysts expect that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

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.