Nuveen Asset Management LLC Buys 8,412 Shares of BancFirst Co. (NASDAQ:BANF)

Nuveen Asset Management LLC boosted its stake in shares of BancFirst Co. (NASDAQ:BANF – Get Rating) by 13.4% during 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 70,972 shares of the bank’s stock after purchasing an additional 8,412 shares during the quarter. Nuveen Asset Management LLC owned about 0.22% of BancFirst worth $6,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in BANF. Kayne Anderson Rudnick Investment Management LLC boosted its position in BancFirst by 54.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,399,358 shares of the bank’s stock valued at $325,353,000 after purchasing an additional 1,192,658 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in BancFirst by 5,622.5% in the second quarter. Wells Fargo & Company MN now owns 409,162 shares of the bank’s stock worth $39,161,000 after acquiring an additional 402,012 shares in the last quarter. Raymond James & Associates acquired a new stake in BancFirst in the third quarter worth about $12,085,000. Invesco Ltd. boosted its holdings in BancFirst by 179.3% in the first quarter. Invesco Ltd. now owns 145,446 shares of the bank’s stock worth $12,103,000 after acquiring an additional 93,365 shares in the last quarter. Finally, John W. Rosenthal Capital Management Inc. acquired a new stake in BancFirst in the third quarter worth about $5,454,000. Institutional investors own 45.85% of the company’s stock.

BancFirst Trading Up 2.2 %

Shares of NASDAQ:BANF opened at $87.05 on Monday. BancFirst Co. has a 52-week low of $77.33 and a 52-week high of $118.07. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 15.09 and a beta of 1.07. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $87.12 and a 200-day moving average price of $93.00.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, March 30th. BancFirst’s payout ratio is 27.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Sunday, March 5th. Piper Sandler lowered their price target on BancFirst from $97.00 to $84.00 and set an “underweight” rating for the company in a report on Monday, January 23rd.

Insider Transactions at BancFirst

In other news, EVP Kevin Lawrence sold 2,291 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $92.00, for a total value of $210,772.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $920,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 35.70% of the company’s stock.

BancFirst Profile

(Get Rating)

BancFirst Corp. is a bank holding company, which provides retail and commercial banking services. Its services include commercial, real estate, agricultural and consumer lending, depository and funds transfer services, collections, safe deposit boxes, cash management services, retail brokerage services, and other services tailored for both individual and corporate customers.