Virtu Financial LLC acquired a new stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,102 shares of the bank's stock, valued at approximately $481,000.
Several other institutional investors also recently bought and sold shares of BANF. Victory Capital Management Inc. lifted its position in BancFirst by 2.9% during the third quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank's stock valued at $953,000 after acquiring an additional 253 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of BancFirst by 24.9% during the third quarter. Mutual of America Capital Management LLC now owns 2,979 shares of the bank's stock worth $314,000 after purchasing an additional 593 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of BancFirst by 29.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 15,559 shares of the bank's stock worth $1,638,000 after purchasing an additional 3,509 shares in the last quarter. Intech Investment Management LLC purchased a new position in BancFirst during the 3rd quarter worth $671,000. Finally, Charles Schwab Investment Management Inc. increased its position in BancFirst by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank's stock valued at $20,242,000 after buying an additional 26,707 shares in the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.
BancFirst Stock Performance
BANF stock traded down $1.93 during trading on Friday, hitting $109.51. 56,497 shares of the company traded hands, compared to its average volume of 98,318. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The company has a market cap of $3.64 billion, a PE ratio of 17.00 and a beta of 1.03. The stock's 50-day simple moving average is $116.26 and its 200 day simple moving average is $115.77. 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 (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, equities analysts expect that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.
BancFirst Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. BancFirst's payout ratio is currently 28.57%.
Analysts Set New Price Targets
A number of research analysts have issued reports on BANF shares. StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a report on Monday, March 3rd. Keefe, Bruyette & Woods raised their price objective on BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th.
Read Our Latest Research Report on BancFirst
Insider Activity
In other news, EVP Darryl Schmidt sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the sale, the executive vice president now directly owns 43,564 shares in the company, valued at $5,317,421.84. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Scott Martin sold 10,000 shares of the company's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now owns 214,499 shares of the company's stock, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock worth $2,994,350 over the last quarter. 33.89% of the stock is currently owned by corporate insiders.
BancFirst Company Profile
(
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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