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

Schonfeld Strategic Advisors LLC bought a new stake in shares of BancFirst Co. (NASDAQ:BANF) in the fourth quarter, according to the company in 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 institutional investors and hedge funds have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of BancFirst by 10.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,938 shares of the bank’s stock valued at $1,634,000 after purchasing an additional 1,297 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in BancFirst during the fourth quarter valued at $889,000. Alpine Global Management LLC acquired a new stake in BancFirst during the 4th quarter worth about $807,000. Stifel Financial Corp lifted its stake in shares of BancFirst by 0.4% in the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank’s stock valued at $4,453,000 after purchasing an additional 155 shares during the period. Finally, State of Tennessee Department of Treasury boosted its position in shares of BancFirst by 23.4% during the 4th quarter. State of Tennessee Department of Treasury now owns 10,168 shares of the bank’s stock valued at $1,191,000 after purchasing an additional 1,926 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Activity

In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst stock in a transaction dated 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 completion of the transaction, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Darryl Schmidt sold 5,000 shares of the 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 of the company’s stock, valued at approximately $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 32.43% of the company’s stock.

BancFirst Stock Performance

Shares of BANF opened at $123.14 on Friday. The stock has a 50-day moving average of $111.73 and a 200-day moving average of $116.99. BancFirst Co. has a one year low of $81.56 and a one year high of $132.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.09 billion, a PE ratio of 19.12 and a beta of 0.78.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, beating the consensus estimate of $1.58 by $0.09. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. The firm had revenue of $164.84 million during the quarter, compared to the consensus estimate of $161.72 million. On average, equities research analysts predict that BancFirst Co. will post 6.52 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Monday, March 31st. BancFirst’s dividend payout ratio (DPR) is 27.84%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Tuesday, April 22nd.

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.