Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 5,000 Shares of Stock

BancFirst Co. (NASDAQ:BANFGet Free Report) Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the sale, the director now owns 6,000 shares in the company, valued at approximately $707,820. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BancFirst Price Performance

Shares of NASDAQ BANF traded down $1.20 during mid-day trading on Wednesday, hitting $118.15. 142,839 shares of the stock were exchanged, compared to its average volume of 118,591. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The stock’s fifty day simple moving average is $121.39 and its two-hundred day simple moving average is $112.07. 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 company has a market cap of $3.91 billion, a P/E ratio of 19.00 and a beta of 1.06.

BancFirst (NASDAQ:BANFGet Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. As a group, analysts forecast that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.46 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.56%. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Institutional Investors Weigh In On BancFirst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BancFirst during the third quarter worth approximately $38,000. Blue Trust Inc. raised its position in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Point72 DIFC Ltd acquired a new position in BancFirst during the 2nd quarter worth $77,000. nVerses Capital LLC acquired a new stake in shares of BancFirst in the 3rd quarter valued at $105,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of BancFirst during the second quarter worth $114,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BANF. Keefe, Bruyette & Woods raised their price target 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. StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Finally, DA Davidson increased their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st.

Read Our Latest Stock Analysis on BANF

BancFirst Company Profile

(Get Free Report)

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.

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