Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells $3,068,492.90 in Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 24,607 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $124.70, for a total value of $3,068,492.90. Following the transaction, the director now directly owns 224,499 shares of the company’s stock, valued at $27,995,025.30. The trade was a 9.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, November 15th, William Scott Martin sold 25,000 shares of BancFirst stock. The shares were sold at an average price of $123.00, for a total value of $3,075,000.00.
• 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 transaction 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 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 transaction of $567,500.00.

BancFirst Price Performance

BANF stock opened at $126.28 on Friday. The business has a 50 day simple moving average of $111.42 and a 200-day simple moving average of $100.59. The company has a market capitalization of $4.18 billion, a P/E ratio of 20.30 and a beta of 1.02. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $129.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BANF shares. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. DA Davidson boosted 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.

Institutional Trading of BancFirst

Several institutional investors and hedge funds have recently added to or reduced their stakes in BANF. BancFirst Trust & Investment Management increased its holdings in shares of BancFirst by 50.8% in the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock valued at $177,936,000 after purchasing an additional 573,224 shares during the period. International Assets Investment Management LLC purchased a new position in BancFirst in the 3rd quarter valued at $112,370,000. State Street Corp increased its stake in BancFirst by 12.4% in the 3rd quarter. State Street Corp now owns 872,101 shares of the bank’s stock valued at $92,187,000 after buying an additional 96,483 shares during the period. Geode Capital Management LLC raised its position in BancFirst by 13.7% during the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after buying an additional 58,016 shares during the last quarter. Finally, Millennium Management LLC lifted 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 worth $5,053,000 after acquiring an additional 48,006 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

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.