Virtu Financial LLC Purchases Shares of 4,102 BancFirst Co. (NASDAQ:BANF)

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

A number of other hedge funds have also modified their holdings of BANF. Raymond James Financial Inc. purchased a new stake in shares of BancFirst during the fourth quarter valued at $11,958,000. State Street Corp lifted its stake in BancFirst by 12.4% during the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock valued at $92,187,000 after buying an additional 96,483 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after buying an additional 58,016 shares during the period. Great Lakes Advisors LLC purchased a new position in shares of BancFirst in the fourth quarter worth approximately $4,859,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of BancFirst during the fourth quarter valued at approximately $4,344,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BANF has been the topic of several research analyst reports. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lifted their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

BancFirst Stock Performance

BANF stock opened at $111.78 on Wednesday. The stock has a market cap of $3.71 billion, a P/E ratio of 17.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a 50 day simple moving average of $116.72 and a 200 day simple moving average of $115.72. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29.

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

BancFirst Announces Dividend

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

Insider Activity

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the firm’s 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 transaction, the director now directly owns 214,499 shares in the company, valued at $25,553,265.87. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Darryl Schmidt sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $122.06, for a total value of $610,300.00. Following 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. Insiders sold a total of 25,000 shares of company stock worth $2,994,350 in the last three months. 33.89% of the stock is owned by insiders.

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.