Voloridge Investment Management LLC Increases Holdings in BancFirst Co. (NASDAQ:BANF)

Voloridge Investment Management LLC increased its stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,104 shares of the bank's stock after buying an additional 16,010 shares during the quarter. Voloridge Investment Management LLC owned about 0.20% of BancFirst worth $7,746,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Squarepoint Ops LLC raised its stake in shares of BancFirst by 284.7% during the 4th quarter. Squarepoint Ops LLC now owns 17,978 shares of the bank's stock worth $2,107,000 after purchasing an additional 13,305 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in BancFirst by 21.0% in the fourth quarter. Rafferty Asset Management LLC now owns 17,806 shares of the bank's stock valued at $2,087,000 after purchasing an additional 3,095 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BancFirst in the fourth quarter worth about $210,000. ProShare Advisors LLC increased its holdings in shares of BancFirst by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 6,004 shares of the bank's stock worth $704,000 after acquiring an additional 1,848 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of BancFirst by 31.2% in the fourth quarter. Millennium Management LLC now owns 38,098 shares of the bank's stock worth $4,464,000 after acquiring an additional 9,064 shares in the last quarter. Institutional investors own 51.72% of the company's stock.

BancFirst Stock Down 0.5%

NASDAQ BANF traded down $0.66 during trading hours on Friday, hitting $123.38. 17,087 shares of the company traded hands, compared to its average volume of 104,369. BancFirst Co. has a twelve month low of $81.56 and a twelve month high of $132.29. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.15 and a beta of 0.78. The business's 50-day moving average is $116.07 and its 200-day moving average is $118.18. 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 released its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $161.72 million. Sell-side analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.46 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. BancFirst's payout ratio is 27.84%.

Insider Activity

In related news, EVP Randy Foraker sold 4,000 shares of the stock in a transaction 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 can be accessed through this link. Also, Director F Ford Drummond sold 5,000 shares of the 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 transaction, the director now owns 6,000 shares in the company, valued at approximately $744,720. This represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 32.43% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on BANF. Wall Street Zen raised 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.

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.