Mutual of America Capital Management LLC Buys 593 Shares of BancFirst Co. (NASDAQ:BANF)

Mutual of America Capital Management LLC raised its holdings in shares of BancFirst Co. (NASDAQ:BANF) by 24.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,979 shares of the bank’s stock after acquiring an additional 593 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BancFirst were worth $314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of BANF. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BancFirst during the 3rd quarter worth $38,000. Blue Trust Inc. boosted its stake in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of BancFirst by 64.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after acquiring an additional 328 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of BancFirst during the 2nd quarter worth $77,000. Finally, nVerses Capital LLC purchased a new position in shares of BancFirst during the 3rd quarter worth $105,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Insiders Place Their Bets

In other news, Director David E. Rainbolt sold 1,414 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $105.58, for a total value of $149,290.12. Following the sale, the director now directly owns 223,402 shares in the company, valued at $23,586,783.16. The trade was a 0.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Leslie Jeannine Rainbolt sold 10,371 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 4,944,702 shares in the company, valued at approximately $519,292,604.04. This trade represents a 0.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 160,468 shares of company stock worth $18,656,436 in the last 90 days. 33.89% of the stock is currently owned by corporate insiders.

BancFirst Stock Up 0.1 %

BANF opened at $127.36 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The firm’s fifty day moving average is $112.68 and its 200 day moving average is $101.35. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 20.48 and a beta of 1.02.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. On average, sell-side analysts forecast that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, December 31st. BancFirst’s payout ratio is currently 29.58%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. DA Davidson lifted their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th.

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.