Los Angeles Capital Management LLC Buys 3,975 Shares of BancFirst Co. (NASDAQ:BANF)

Los Angeles Capital Management LLC boosted its stake in BancFirst Co. (NASDAQ:BANF) by 25.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,725 shares of the bank’s stock after purchasing an additional 3,975 shares during the quarter. Los Angeles Capital Management LLC’s holdings in BancFirst were worth $2,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst during the 3rd quarter valued at $38,000. Blue Trust Inc. raised its position in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after purchasing an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in BancFirst by 64.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after purchasing an additional 328 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in shares of BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after purchasing an additional 305 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new position in shares of BancFirst during the 2nd quarter valued at about $77,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Price Performance

BANF opened at $122.57 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The stock’s 50 day simple moving average is $108.79 and its 200 day simple moving average is $99.03. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 19.71 and a beta of 1.02. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $129.00.

BancFirst (NASDAQ:BANF) last issued its 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. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The company had revenue of $163.67 million for the quarter, compared to the consensus estimate of $156.70 million. As a group, analysts predict that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.46 per share. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Monday, September 30th. BancFirst’s dividend payout ratio is currently 29.58%.

Insider Buying and Selling

In other BancFirst news, Director William Scott Martin sold 10,298 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total transaction of $1,297,650.98. Following the completion of the transaction, the director now owns 281,606 shares of the company’s stock, valued at $35,485,172.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Dave R. Lopez sold 1,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William Scott Martin sold 10,298 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total transaction of $1,297,650.98. Following the completion of the sale, the director now owns 281,606 shares of the company’s stock, valued at $35,485,172.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,107 shares of company stock valued at $14,874,349 over the last ninety days. 33.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BANF. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson upped their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Finally, Piper Sandler lifted their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd.

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.