Cubist Systematic Strategies LLC Invests $935,000 in BancFirst Co. (NASDAQ:BANF)

Cubist Systematic Strategies LLC bought a new position in shares of BancFirst Co. (NASDAQ:BANF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,657 shares of the bank’s stock, valued at approximately $935,000.

Other institutional investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of BancFirst by 557.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after acquiring an additional 429 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of BancFirst by 56.8% in the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after purchasing an additional 305 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of BancFirst in the second quarter worth $77,000. Transcendent Capital Group LLC bought a new stake in shares of BancFirst during the 1st quarter worth $105,000. Finally, SG Americas Securities LLC bought a new stake in shares of BancFirst during the 1st quarter worth $137,000. 51.72% of the stock is currently owned by institutional investors.

BancFirst Trading Down 1.7 %

Shares of BancFirst stock opened at $100.43 on Thursday. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 16.41 and a beta of 1.03. BancFirst Co. has a 1 year low of $79.99 and a 1 year high of $111.00. The company’s fifty day simple moving average is $104.12 and its 200-day simple moving average is $93.67. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.09. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. The company had revenue of $153.84 million for the quarter, compared to analyst estimates of $149.75 million. As a group, sell-side analysts expect that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.46 dividend. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.84 annualized dividend and a yield of 1.83%. BancFirst’s dividend payout ratio is 30.07%.

Insiders Place Their Bets

In related news, EVP Dennis Jay Hannah sold 1,000 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $105.00, for a total value of $105,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,714 shares in the company, valued at $704,970. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other BancFirst news, Director Leslie Jeannine Rainbolt sold 10,371 shares of BancFirst stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $105.02, for a total transaction of $1,089,162.42. Following the sale, the director now directly owns 4,944,702 shares of the company’s stock, valued at $519,292,604.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis Jay Hannah sold 1,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $105.00, for a total value of $105,000.00. Following the completion of the transaction, the executive vice president now directly owns 6,714 shares of the company’s stock, valued at $704,970. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,564 shares of company stock worth $7,150,517. 33.89% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on BANF. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Piper Sandler boosted their price objective on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd.

About BancFirst

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.