BancFirst Co. (NASDAQ:BANF) Director Sells $1,755,000.00 in Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.00, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 291,904 shares in the company, valued at approximately $34,152,768. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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

Shares of BANF stock traded up $17.21 during mid-day trading on Wednesday, reaching $126.69. The stock had a trading volume of 389,052 shares, compared to its average volume of 84,027. BancFirst Co. has a 1-year low of $80.80 and a 1-year high of $128.31. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 20.37 and a beta of 1.02. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The business’s fifty day moving average is $106.57 and its 200-day moving average is $97.67.

BancFirst Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.45%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is presently 29.58%.

Analyst Ratings Changes

BANF has been the topic of a number of recent research reports. DA Davidson increased their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, October 21st. Piper Sandler boosted their price objective on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note 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 Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. boosted its stake in shares of BancFirst by 58.8% in the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after buying an additional 8,939 shares during the last quarter. BNP Paribas Financial Markets boosted its position in BancFirst by 85.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after purchasing an additional 5,066 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of BancFirst by 87.5% during the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after purchasing an additional 9,936 shares during the period. Edgestream Partners L.P. purchased a new position in shares of BancFirst during the 1st quarter valued at approximately $4,274,000. Finally, Raymond James & Associates lifted its stake in shares of BancFirst by 4.1% in the 3rd quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock valued at $10,007,000 after purchasing an additional 3,720 shares during the period. 51.72% of the stock is currently 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.