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

Mutual of America Capital Management LLC increased its stake in BancFirst Co. (NASDAQ:BANF) by 24.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,979 shares of the bank’s stock after buying an additional 593 shares during the period. Mutual of America Capital Management LLC’s holdings in BancFirst were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BANF. Whittier Trust Co. of Nevada Inc. bought a new position in BancFirst in the third quarter worth about $38,000. Blue Trust Inc. raised its stake in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in BancFirst by 64.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after buying an additional 328 shares in the last quarter. Point72 DIFC Ltd bought a new position in BancFirst in the second quarter worth about $77,000. Finally, nVerses Capital LLC bought a new position in BancFirst in the third quarter worth about $105,000. 51.72% of the stock is owned by institutional investors.

BancFirst Price Performance

Shares of BANF opened at $127.36 on Friday. The stock has a market cap of $4.22 billion, a PE ratio of 20.48 and a beta of 1.02. 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 50-day simple moving average is $112.68 and its two-hundred day simple moving average is $101.35.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The firm had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. Analysts anticipate that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Announces Dividend

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

Insider Activity

In other news, Director William Scott Martin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total transaction of $567,500.00. Following the sale, the director now owns 306,904 shares in the company, valued at $34,833,604. This represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dennis Jay Hannah sold 10,543 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $126.58, for a total transaction of $1,334,532.94. Following the completion of the sale, the executive vice president now owns 1,564 shares in the company, valued at $197,971.12. This represents a 87.08 % decrease in their position. 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 over the last 90 days. 33.89% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. DA Davidson upped their price objective on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

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.