William Scott Martin Sells 5,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total transaction of $567,500.00. Following the sale, the director now directly owns 306,904 shares in the company, valued at approximately $34,833,604. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

BancFirst Stock Up 1.6 %

NASDAQ:BANF traded up $1.81 during mid-day trading on Wednesday, hitting $112.52. 19,443 shares of the company’s stock traded hands, compared to its average volume of 82,643. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. BancFirst Co. has a twelve month low of $80.28 and a twelve month high of $115.62. The company has a market capitalization of $3.72 billion, a P/E ratio of 17.80 and a beta of 1.03. The company has a fifty day moving average of $106.14 and a 200 day moving average of $96.77.

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. The ex-dividend date was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.64%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio (DPR) is presently 29.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BANF. DA Davidson increased their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Piper Sandler boosted their target price on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Finally, StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

Institutional Investors Weigh In On BancFirst

Large investors have recently bought and sold shares of the company. BancFirst Trust & Investment Management increased its holdings 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 buying an additional 573,224 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of BancFirst in the 3rd quarter valued at about $112,370,000. Edgestream Partners L.P. acquired a new stake in shares of BancFirst during the first quarter worth about $4,274,000. Millennium Management LLC boosted its holdings in shares of BancFirst by 499.6% in the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after acquiring an additional 48,006 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in BancFirst by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock valued at $87,888,000 after buying an additional 16,664 shares in the last quarter. 51.72% of the stock is currently 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.