BancFirst Co. (NASDAQ:BANF) EVP Sells $506,000.00 in Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis L. Brand sold 4,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the transaction, the executive vice president now directly owns 33,000 shares of the company’s stock, valued at $4,174,500. The trade was a 10.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BancFirst Stock Down 1.6 %

Shares of BANF opened at $126.63 on Friday. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The company’s fifty day moving average is $117.63 and its two-hundred day moving average is $104.14. The firm has a market cap of $4.20 billion, a PE ratio of 20.36 and a beta of 1.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

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

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst’s dividend payout ratio is presently 29.58%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BANF. Keefe, Bruyette & Woods boosted their target price on shares of BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com upgraded BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, DA Davidson raised their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of BancFirst by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after acquiring an additional 100 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in BancFirst by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock valued at $338,000 after purchasing an additional 110 shares during the last quarter. Arizona State Retirement System grew its stake in BancFirst by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock valued at $526,000 after purchasing an additional 112 shares in the last quarter. Finally, Diversified Trust Co raised its position in shares of 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 purchasing an additional 128 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

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.