BancFirst Co. (NASDAQ:BANF) Holdings Lifted by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 284.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,978 shares of the bank's stock after purchasing an additional 13,305 shares during the quarter. Squarepoint Ops LLC owned 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 added to or reduced their stakes in BANF. Smartleaf Asset Management LLC lifted its position in shares of BancFirst by 155.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank's stock worth $38,000 after buying an additional 191 shares during the last quarter. Sterling Capital Management LLC raised its stake in BancFirst by 779.4% during the fourth quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock worth $65,000 after acquiring an additional 491 shares during the period. AlphaQuest LLC raised its stake in BancFirst by 11.5% during the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after acquiring an additional 89 shares during the period. Cubist Systematic Strategies LLC bought a new position in BancFirst in the fourth quarter worth about $135,000. Finally, KBC Group NV boosted its stake in BancFirst by 85.6% in the fourth 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 and hedge funds own 51.72% of the company's stock.

BancFirst Stock Performance

NASDAQ BANF traded down $0.46 on Friday, hitting $123.58. The stock had a trading volume of 110,118 shares, compared to its average volume of 104,985. The company's 50-day moving average is $116.31 and its two-hundred day moving average is $118.16. BancFirst Co. has a one year low of $81.56 and a one year high of $132.29. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 19.19 and a beta of 0.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last issued its quarterly earnings data 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. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The business had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. On average, analysts expect that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 1.49%. BancFirst's payout ratio is 27.84%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods raised BancFirst to a "hold" rating in a research report on Monday.

Insider Activity

In other news, Director F Ford Drummond sold 5,000 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Randy Foraker sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were 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. Corporate insiders own 32.43% of the company's stock.

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.