Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 10,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,000 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the transaction, the director now owns 214,499 shares of the company’s stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BancFirst Stock Up 2.2 %

Shares of NASDAQ:BANF traded up $2.61 during trading on Friday, hitting $119.36. 122,320 shares of the company’s stock traded hands, compared to its average volume of 112,890. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $118.49 and a 200-day moving average price of $114.45. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 18.53 and a beta of 1.05.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th.

Institutional Trading of BancFirst

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in shares of BancFirst by 155.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after buying an additional 191 shares in the last quarter. Blue Trust Inc. lifted its stake in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after acquiring an additional 99 shares in the last quarter. Sterling Capital Management LLC boosted its position in BancFirst by 779.4% during the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank’s stock worth $65,000 after acquiring an additional 491 shares during the last quarter. AlphaQuest LLC grew its stake in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after acquiring an additional 89 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at approximately $135,000. 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.