Millennium Management LLC raised its position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 31.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,098 shares of the bank's stock after acquiring an additional 9,064 shares during the period. Millennium Management LLC owned approximately 0.11% of BancFirst worth $4,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of BANF. 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 purchasing an additional 191 shares during the last quarter. Sterling Capital Management LLC raised its position 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 buying an additional 491 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of BancFirst by 11.5% in 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 last quarter. Cubist Systematic Strategies LLC purchased a new position in BancFirst in the fourth quarter worth about $135,000. Finally, KBC Group NV increased its stake in BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank's stock worth $136,000 after acquiring an additional 536 shares during the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised BancFirst to a "hold" rating in a research note on Monday, May 26th. Wall Street Zen raised shares of BancFirst from a "sell" rating to a "hold" rating in a research note on Monday, May 12th.
Read Our Latest Stock Report on BancFirst
BancFirst Trading Up 0.3%
NASDAQ BANF traded up $0.36 during trading on Tuesday, hitting $122.39. The stock had a trading volume of 7,037 shares, compared to its average volume of 104,607. BancFirst Co. has a one year low of $81.56 and a one year high of $132.29. The stock has a 50 day simple moving average of $116.51 and a 200 day simple moving average of $118.10. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.00 and a beta of 0.78. 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 (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.09. The firm had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Sell-side analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.
BancFirst Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, June 30th. BancFirst's payout ratio is presently 27.84%.
Insider Transactions at BancFirst
In related news, EVP Randy Foraker sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total value of $506,440.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total transaction of $620,600.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $744,720. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 32.43% of the company's stock.
About BancFirst
(
Free Report)
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.
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