BancFirst Co. (NASDAQ:BANF) Director William Scott Martin Sells 10,298 Shares

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,298 shares of the business’s stock in a transaction 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 sale, the director now directly owns 281,606 shares in the company, valued at approximately $35,485,172.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

William Scott Martin also recently made the following trade(s):

• On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The stock was sold at an average price of $117.00, for a total value of $1,755,000.00.
• On Wednesday, October 30th, William Scott Martin sold 5,000 shares of BancFirst stock. The shares were sold at an average price of $113.50, for a total value of $567,500.00.

BancFirst Trading Down 2.9 %

Shares of BANF stock traded down $3.66 during mid-day trading on Wednesday, hitting $122.57. The company’s stock had a trading volume of 132,698 shares, compared to its average volume of 85,076. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $129.00. 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’s fifty day simple moving average is $108.41 and its 200-day simple moving average is $98.86. The company has a market cap of $4.06 billion, a PE ratio of 19.98 and a beta of 1.02.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The firm had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. As a group, equities research analysts expect that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is presently 29.58%.

Hedge Funds Weigh In On BancFirst

Several institutional investors have recently made changes to their positions in BANF. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of BancFirst in the 3rd quarter valued at about $38,000. Blue Trust Inc. grew its stake in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after acquiring an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in BancFirst by 64.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock valued at $73,000 after acquiring an additional 328 shares during the period. EntryPoint Capital LLC increased its holdings in shares of BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after acquiring an additional 305 shares in the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of BancFirst during the second quarter worth approximately $77,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

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

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.