BancFirst Co. (NASDAQ:BANF) Director Sells $3,075,000.00 in Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 25,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.00, for a total value of $3,075,000.00. Following the completion of the sale, the director now owns 249,106 shares in the company, valued at approximately $30,640,038. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, November 13th, William Scott Martin sold 10,298 shares of BancFirst stock. The shares were sold at an average price of $126.01, for a total value of $1,297,650.98.
• On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The shares were 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 Price Performance

Shares of BANF stock traded down $1.14 during trading hours on Friday, hitting $121.78. 101,685 shares of the company’s stock were exchanged, compared to its average volume of 85,377. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.03 billion, a P/E ratio of 19.76 and a beta of 1.02. The firm has a 50 day moving average of $109.20 and a two-hundred day moving average of $99.20. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $129.00.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The firm had revenue of $163.67 million during the quarter, compared to the consensus estimate of $156.70 million. Sell-side analysts forecast that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.46 dividend. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s dividend payout ratio is currently 29.58%.

Institutional Trading of BancFirst

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings in shares of BancFirst by 85.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after purchasing an additional 5,066 shares during the period. Texas Permanent School Fund Corp grew its holdings in shares of BancFirst by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank’s stock worth $1,116,000 after purchasing an additional 168 shares during the period. SG Americas Securities LLC purchased a new position in shares of BancFirst during the 1st quarter worth $137,000. Sei Investments Co. grew its holdings in shares of BancFirst by 58.8% during the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after purchasing an additional 8,939 shares during the period. Finally, Inspire Investing LLC grew its holdings in shares of BancFirst by 3.9% during the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after purchasing an additional 152 shares during the period. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BANF has been the subject of several recent analyst reports. DA Davidson raised their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Piper Sandler lifted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Finally, StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

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.