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 company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 33,000 shares of the company’s stock, valued at $4,174,500. This trade represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $125.38 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $4.15 billion, a PE ratio of 20.16 and a beta of 1.05. The stock has a fifty day moving average of $118.08 and a 200-day moving average of $104.52. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million during 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%. As a group, equities analysts anticipate that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Tuesday, December 31st. BancFirst’s payout ratio is 29.58%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On BancFirst

A number of large investors have recently made changes to their positions in BANF. SG Americas Securities LLC boosted its stake in BancFirst by 367.6% in the 2nd quarter. SG Americas Securities LLC now owns 7,299 shares of the bank’s stock worth $640,000 after purchasing an additional 5,738 shares during the period. Diversified Trust Co boosted its position in shares of BancFirst by 2.6% in the second quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after buying an additional 128 shares during the period. AlphaMark Advisors LLC purchased a new position in shares of BancFirst during the second quarter valued at $297,000. SummerHaven Investment Management LLC grew its holdings in shares of BancFirst by 2.3% during the second quarter. SummerHaven Investment Management LLC now owns 7,943 shares of the bank’s stock valued at $697,000 after buying an additional 175 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in BancFirst by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock valued at $640,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

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.