BancFirst Co. (NASDAQ:BANF) Shares Bought by Millennium Management LLC

Millennium Management LLC lifted its position in BancFirst Co. (NASDAQ:BANF - Free Report) by 31.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 38,098 shares of the bank's stock after purchasing an additional 9,064 shares during the period. Millennium Management LLC owned about 0.11% of BancFirst worth $4,464,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in BancFirst by 155.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock valued at $38,000 after buying an additional 191 shares during the period. Sterling Capital Management LLC grew its stake in shares of BancFirst by 779.4% during the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock valued at $65,000 after purchasing an additional 491 shares during the period. AlphaQuest LLC grew its stake in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock valued at $101,000 after acquiring an additional 89 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of BancFirst during the 4th quarter valued at approximately $135,000. Finally, KBC Group NV grew its stake in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after acquiring an additional 536 shares during the period. Institutional investors own 51.72% of the company's stock.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $124.12, for a total value of $620,600.00. Following the completion of the sale, the director now owns 6,000 shares of the company's stock, valued at $744,720. The trade was a 45.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Randy Foraker sold 4,000 shares of the business's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $126.61, for a total value of $506,440.00. The disclosure for this sale can be found here. Company insiders own 32.43% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen raised BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th. Keefe, Bruyette & Woods upgraded BancFirst to a "hold" rating in a research note on Monday, May 26th.

BancFirst Price Performance

BANF traded up $1.82 during trading on Tuesday, hitting $123.85. The company's stock had a trading volume of 71,719 shares, compared to its average volume of 105,089. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The business's fifty day simple moving average is $116.76 and its 200 day simple moving average is $118.14. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.23 and a beta of 0.78. BancFirst Co. has a twelve month low of $81.56 and a twelve month high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The company had revenue of $164.84 million for the quarter, compared to analyst estimates of $161.72 million. On average, equities research analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.84 annualized dividend and a yield of 1.49%. BancFirst's dividend payout ratio (DPR) is 27.84%.

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.