William Scott Martin Sells 24,607 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 24,607 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $124.70, for a total transaction of $3,068,492.90. Following the transaction, the director now owns 224,499 shares in the company, valued at $27,995,025.30. This represents a 9.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, November 15th, William Scott Martin sold 25,000 shares of BancFirst stock. The stock was sold at an average price of $123.00, for a total transaction of $3,075,000.00.
• On Wednesday, November 13th, William Scott Martin sold 10,298 shares of BancFirst stock. The stock was sold at an average price of $126.01, for a total value of $1,297,650.98.
• On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The shares were sold at an average price of $117.00, for a total value of $1,755,000.00.
• 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 Price Performance

Shares of NASDAQ:BANF opened at $126.28 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $111.42 and a 200 day moving average price of $100.53. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 20.30 and a beta of 1.02. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $129.00.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The company had revenue of $163.67 million during the quarter, compared to analysts’ expectations of $156.70 million. Research analysts predict that BancFirst Co. will post 6.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BANF has been the topic of a number of recent analyst reports. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. DA Davidson raised their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

Institutional Trading of BancFirst

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of BancFirst in the first quarter valued at about $137,000. Sei Investments Co. raised its holdings in BancFirst by 58.8% in the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock valued at $2,125,000 after acquiring an additional 8,939 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of BancFirst in the 1st quarter worth approximately $214,000. ProShare Advisors LLC grew its holdings in shares of BancFirst by 7.8% during the 1st quarter. ProShare Advisors LLC now owns 4,278 shares of the bank’s stock worth $377,000 after purchasing an additional 308 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of BancFirst by 2.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 23,065 shares of the bank’s stock valued at $2,027,000 after purchasing an additional 585 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

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.