Squarepoint Ops LLC Has $2.11 Million Holdings in BancFirst Co. (NASDAQ:BANF)

Squarepoint Ops LLC raised its stake in BancFirst Co. (NASDAQ:BANF - Free Report) by 284.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,978 shares of the bank's stock after purchasing an additional 13,305 shares during the quarter. Squarepoint Ops LLC owned approximately 0.05% of BancFirst worth $2,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of BancFirst in the 4th quarter valued at about $26,649,000. Raymond James Financial Inc. acquired a new position in BancFirst during the fourth quarter worth approximately $11,958,000. JPMorgan Chase & Co. raised its stake in BancFirst by 35.8% in the fourth quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank's stock valued at $20,560,000 after buying an additional 46,253 shares during the period. Vanguard Group Inc. raised its stake in BancFirst by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock valued at $270,241,000 after buying an additional 44,563 shares during the period. Finally, Invesco Ltd. lifted its position in shares of BancFirst by 65.7% in the fourth quarter. Invesco Ltd. now owns 109,342 shares of the bank's stock valued at $12,813,000 after buying an additional 43,336 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BANF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised BancFirst to a "hold" rating in a report on Monday, May 26th. Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

BancFirst Stock Performance

BANF stock traded down $1.68 during mid-day trading on Monday, hitting $122.03. 82,991 shares of the company were exchanged, compared to its average volume of 104,992. BancFirst Co. has a 1-year low of $81.56 and a 1-year high of $132.29. The stock has a market capitalization of $4.06 billion, a PE ratio of 18.95 and a beta of 0.78. The business has a 50 day simple moving average of $116.51 and a 200-day simple moving average of $118.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.51%. BancFirst's dividend payout ratio (DPR) is presently 27.84%.

Insider Activity at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Randy Foraker sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $126.61, for a total transaction of $506,440.00. The disclosure for this sale can be found here. 32.43% of the stock is currently owned by corporate insiders.

BancFirst 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.