Los Angeles Capital Management LLC Buys 331 Shares of BancFirst Co. (NASDAQ:BANF)

Los Angeles Capital Management LLC increased its stake in shares of BancFirst Co. (NASDAQ:BANF) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,056 shares of the bank’s stock after buying an additional 331 shares during the period. Los Angeles Capital Management LLC’s holdings in BancFirst were worth $2,350,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Citigroup Inc. boosted its holdings in shares of BancFirst by 39.1% during the third quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock worth $3,906,000 after acquiring an additional 10,425 shares during the period. Sanctuary Advisors LLC increased its stake in shares of BancFirst by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after purchasing an additional 110 shares during the period. Principal Financial Group Inc. lifted its holdings in BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after purchasing an additional 29,050 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in BancFirst by 33.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after purchasing an additional 32,636 shares during the period. Finally, Geode Capital Management LLC grew its holdings in BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after buying an additional 58,016 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BANF. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total value of $589,850.00. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $707,820. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dennis L. Brand sold 4,000 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at $4,174,500. This trade represents a 10.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,000 shares of company stock worth $2,309,050. Corporate insiders own 33.89% of the company’s stock.

BancFirst Stock Performance

NASDAQ:BANF opened at $116.75 on Friday. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 18.13 and a beta of 1.05. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average price of $118.49 and a 200-day moving average price of $114.45.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data 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%. As a group, equities analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal year.

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.