Insider Selling: 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 business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total value of $589,850.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at $707,820. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

BancFirst Trading Up 0.1 %

NASDAQ:BANF opened at $119.08 on Friday. The stock has a 50-day simple moving average of $121.10 and a 200-day simple moving average of $112.33. The stock has a market cap of $3.95 billion, a P/E ratio of 18.49 and a beta of 1.06. BancFirst Co. has a 1 year low of $81.21 and a 1 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.

BancFirst (NASDAQ:BANF) last released 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 return on equity of 14.21% and a net margin of 23.52%. As a group, analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.46 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.55%. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Institutional Trading of BancFirst

A number of hedge funds have recently added to or reduced their stakes in BANF. Hsbc Holdings PLC lifted its position in BancFirst by 16.0% during the 2nd quarter. Hsbc Holdings PLC now owns 2,836 shares of the bank’s stock worth $249,000 after acquiring an additional 392 shares during the period. Marshall Wace LLP acquired a new stake in BancFirst during the 2nd quarter worth approximately $356,000. Cubist Systematic Strategies LLC acquired a new stake in BancFirst during the 2nd quarter worth approximately $935,000. AQR Capital Management LLC acquired a new stake in BancFirst during the 2nd quarter worth approximately $220,000. Finally, Millennium Management LLC lifted its position in BancFirst by 499.6% during the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after acquiring an additional 48,006 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BANF shares. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a 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 upped their price target on 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.