Schonfeld Strategic Advisors LLC Takes $532,000 Position in BancFirst Co. (NASDAQ:BANF)

Schonfeld Strategic Advisors LLC bought a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,538 shares of the bank's stock, valued at approximately $532,000.

A number of other large investors have also modified their holdings of the business. AlphaQuest LLC raised its stake in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after buying an additional 89 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of BancFirst by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock worth $244,000 after buying an additional 133 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of BancFirst by 0.4% in the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock worth $4,453,000 after acquiring an additional 155 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of BancFirst by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank's stock worth $1,845,000 after acquiring an additional 184 shares during the period. Finally, National Bank of Canada FI grew its holdings in shares of BancFirst by 12.4% in the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank's stock worth $197,000 after acquiring an additional 186 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

BancFirst Price Performance

NASDAQ:BANF traded up $0.38 during trading hours on Friday, reaching $128.62. 22,489 shares of the company traded hands, compared to its average volume of 103,269. The firm's 50-day moving average is $112.98 and its 200-day moving average is $117.46. The stock has a market cap of $4.28 billion, a P/E ratio of 19.97 and a beta of 0.78. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. BancFirst Co. has a 1-year low of $81.56 and a 1-year high of $132.29.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.58 by $0.09. The firm had revenue of $164.84 million for 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%. Equities research analysts expect that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, March 31st. BancFirst's dividend payout ratio (DPR) is presently 27.84%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Monday.

Insiders Place Their Bets

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the transaction, the director now owns 214,499 shares of the company's stock, valued at $25,553,265.87. This represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 32.43% of the company's stock.

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.