OLD Mission Capital LLC Takes $724,000 Position in BancFirst Co. (NASDAQ:BANF)

OLD Mission Capital LLC bought a new position in shares of BancFirst Co. (NASDAQ:BANF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,179 shares of the bank’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds also recently bought and sold shares of BANF. National Bank of Canada FI raised its position in shares of BancFirst by 12.4% during the 4th quarter. National Bank of Canada FI now owns 1,684 shares of the bank’s stock valued at $197,000 after buying an additional 186 shares during the period. Franklin Resources Inc. purchased a new stake in BancFirst in the fourth quarter valued at $292,000. Norges Bank acquired a new position in shares of BancFirst in the 4th quarter valued at $26,649,000. JPMorgan Chase & Co. grew its holdings in shares of BancFirst by 35.8% during the 4th quarter. JPMorgan Chase & Co. now owns 175,457 shares of the bank’s stock worth $20,560,000 after purchasing an additional 46,253 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of BancFirst during the 4th quarter worth about $233,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

BancFirst Price Performance

BANF stock opened at $100.43 on Friday. The business’s fifty day moving average price is $114.85 and its 200 day moving average price is $115.75. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.34 billion, a PE ratio of 15.59 and a beta of 0.82.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, sell-side analysts anticipate that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.83%. BancFirst’s dividend payout ratio (DPR) is 28.57%.

Analysts Set New Price Targets

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

Insider Transactions at BancFirst

In related news, Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director F Ford Drummond sold 5,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $723,480. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,000 shares of company stock valued at $2,994,350. 33.89% of the stock is currently owned by company insiders.

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.