BancFirst Co. (NASDAQ:BANF) Director Sells $537,500.00 in Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $107.50, for a total transaction of $537,500.00. Following the transaction, the director now directly owns 326,904 shares in the company, valued at $35,142,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BancFirst Price Performance

BANF opened at $110.21 on Friday. The firm has a market cap of $3.64 billion, a P/E ratio of 18.01 and a beta of 1.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $110.75. The firm has a 50-day moving average of $89.50 and a 200 day moving average of $88.82.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a net margin of 29.64% and a return on equity of 14.10%. On average, research analysts expect that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.56%. BancFirst’s dividend payout ratio is presently 28.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BANF shares. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Saturday. Piper Sandler increased their price target on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd.

Institutional Investors Weigh In On BancFirst

Several large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its position in BancFirst by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after purchasing an additional 100 shares during the period. SummerHaven Investment Management LLC lifted its stake in shares of BancFirst by 2.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 7,943 shares of the bank’s stock valued at $697,000 after buying an additional 175 shares in the last quarter. AlphaMark Advisors LLC bought a new position in BancFirst in the 2nd quarter worth approximately $297,000. Diversified Trust Co grew its stake in BancFirst by 2.6% in the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock valued at $436,000 after buying an additional 128 shares in the last quarter. Finally, Curated Wealth Partners LLC raised its holdings in BancFirst by 180.4% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,433 shares of the bank’s stock valued at $213,000 after acquiring an additional 5,460 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

About BancFirst

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.