Virtu Financial LLC Takes $481,000 Position in BancFirst Co. (NASDAQ:BANF)

Virtu Financial LLC acquired a new position in shares of BancFirst Co. (NASDAQ:BANF) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,102 shares of the bank’s stock, valued at approximately $481,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of BancFirst by 155.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after purchasing an additional 191 shares during the period. AlphaQuest LLC lifted its holdings in BancFirst by 11.5% in 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 last quarter. KBC Group NV lifted its holdings in BancFirst by 85.6% in the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after acquiring an additional 536 shares during the last quarter. Quantbot Technologies LP boosted its stake in BancFirst by 83.5% in the third quarter. Quantbot Technologies LP now owns 1,464 shares of the bank’s stock valued at $154,000 after acquiring an additional 666 shares during the period. Finally, Retirement Investment Advisors Inc. bought a new position in shares of BancFirst during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Insider Transactions at BancFirst

In other news, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darryl Schmidt sold 5,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were 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 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,000 shares of company stock valued at $2,994,350. Company insiders own 33.89% of the company’s stock.

BancFirst Stock Down 0.7 %

BANF opened at $111.78 on Wednesday. The stock’s 50 day moving average price is $116.72 and its 200 day moving average price is $115.72. 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 stock has a market cap of $3.71 billion, a P/E ratio of 17.36 and a beta of 1.03. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. As a group, research analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.65%. BancFirst’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Monday, March 3rd.

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.