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 stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $126.01, for a total value of $1,297,650.98. Following the completion of the sale, the director now directly owns 281,606 shares of the company’s stock, 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 can be accessed through the SEC website.

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

BancFirst Stock Performance

NASDAQ BANF traded down $3.66 on Wednesday, reaching $122.57. The stock had a trading volume of 132,698 shares, compared to its average volume of 85,076. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $129.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $4.06 billion, a P/E ratio of 19.98 and a beta of 1.02. The firm has a fifty day moving average of $108.41 and a two-hundred day moving average of $98.86.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The business had revenue of $163.67 million during the quarter, compared to analysts’ expectations of $156.70 million. On average, equities research analysts anticipate that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Increases Dividend

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

Hedge Funds Weigh In On BancFirst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. BancFirst Trust & Investment Management boosted its position in shares of BancFirst by 50.8% during the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after acquiring an additional 573,224 shares in the last quarter. International Assets Investment Management LLC bought a new stake in BancFirst during the third quarter worth $112,370,000. Edgestream Partners L.P. acquired a new stake in shares of BancFirst in the 1st quarter valued at $4,274,000. Millennium Management LLC increased its stake in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after purchasing an additional 48,006 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of BancFirst by 40.2% in the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after purchasing an additional 29,050 shares during the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.