OLD Mission Capital LLC Makes New Investment in BancFirst Co. (NASDAQ:BANF)

OLD Mission Capital LLC acquired a new stake in BancFirst Co. (NASDAQ:BANF) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 6,179 shares of the bank’s stock, valued at approximately $724,000.

A number of other hedge funds have also modified their holdings of BANF. Vanguard Group Inc. grew its position in BancFirst by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock worth $270,241,000 after purchasing an additional 44,563 shares during the last quarter. State Street Corp boosted its stake in shares of BancFirst by 12.4% during the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after buying an additional 96,483 shares during the period. Geode Capital Management LLC grew its holdings in shares of BancFirst by 13.7% during 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 last quarter. Norges Bank acquired a new position in BancFirst in the 4th quarter valued at about $26,649,000. Finally, Charles Schwab Investment Management Inc. raised its stake in BancFirst by 16.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank’s stock valued at $20,242,000 after acquiring an additional 26,707 shares during the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BancFirst

In other BancFirst news, Director William Scott Martin sold 10,000 shares of the stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director F Ford Drummond sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the sale, the director now directly owns 6,000 shares in the company, valued at $723,480. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 25,000 shares of company stock valued at $2,994,350 in the last ninety days. 33.89% of the stock is currently owned by company insiders.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $100.43 on Friday. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29. The company has a 50-day moving average price of $114.85 and a 200 day moving average price of $115.75. The company has a market cap of $3.34 billion, a P/E ratio of 15.59 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share 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%. Research analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.83%. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Analysts Set New Price Targets

Separately, StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research note on Friday.

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.