BancFirst Co. (NASDAQ:BANF) Director Sells $589,850.00 in Stock

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

BancFirst Trading Down 1.0 %

BANF stock opened at $118.15 on Thursday. The business’s 50-day moving average is $121.33 and its 200 day moving average is $112.11. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 19.00 and a beta of 1.06. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, sell-side analysts anticipate that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Hedge Funds Weigh In On BancFirst

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. lifted its stake in BancFirst by 39.1% in the 3rd quarter. Citigroup Inc. now owns 37,107 shares of the bank’s stock worth $3,906,000 after purchasing an additional 10,425 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of BancFirst by 3.5% in the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock valued at $338,000 after purchasing an additional 110 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock worth $10,659,000 after acquiring an additional 29,050 shares during the period. JPMorgan Chase & Co. boosted its position in shares of BancFirst by 33.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock valued at $13,599,000 after acquiring an additional 32,636 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 valued at $50,823,000 after purchasing an additional 58,016 shares during the period. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BANF shares. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. DA Davidson increased their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, 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 report 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.