Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 5,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director F Ford Drummond sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $117.97, for a total transaction of $589,850.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $707,820. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

BancFirst Trading Up 0.7 %

NASDAQ:BANF opened at $118.93 on Friday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of 19.12 and a beta of 1.06. BancFirst Co. has a one year low of $81.21 and a one year high of $132.29. 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 business’s 50-day simple moving average is $121.25 and its 200 day simple moving average is $112.16.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. As a group, sell-side analysts predict that BancFirst Co. will post 6.37 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, December 31st. BancFirst’s dividend payout ratio is currently 28.57%.

Institutional Investors Weigh In On BancFirst

Institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its holdings in shares of BancFirst by 16.0% in the 2nd quarter. Hsbc Holdings PLC now owns 2,836 shares of the bank’s stock valued at $249,000 after acquiring an additional 392 shares during the last quarter. Marshall Wace LLP bought a new stake in BancFirst during the second quarter valued at $356,000. Cubist Systematic Strategies LLC acquired a new stake in shares of BancFirst during the second quarter worth $935,000. AQR Capital Management LLC bought a new position in shares of BancFirst in the 2nd quarter worth about $220,000. Finally, Millennium Management LLC boosted its holdings in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after buying an additional 48,006 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. DA Davidson upped their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods lifted their price objective 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.

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.