BancFirst Co. (NASDAQ:BANF) Director William Scott Martin Sells 10,000 Shares

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the completion of the sale, the director now directly owns 214,499 shares of the company’s stock, valued at approximately $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BancFirst Trading Up 2.2 %

Shares of BancFirst stock opened at $119.36 on Friday. The business has a fifty day simple moving average of $118.50 and a two-hundred day simple moving average of $114.71. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.53 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Research analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

Institutional Investors Weigh In On BancFirst

Hedge funds and other institutional investors have recently modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of BancFirst by 39.1% during the third quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock worth $3,906,000 after buying an additional 10,425 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of BancFirst by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after purchasing an additional 110 shares during the period. Principal Financial Group Inc. increased its position in shares of BancFirst by 40.2% in the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after purchasing an additional 29,050 shares during the period. JPMorgan Chase & Co. increased its position in shares of BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock worth $13,599,000 after purchasing an additional 32,636 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after purchasing an additional 58,016 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Keefe, Bruyette & Woods increased their price objective on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

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.