BancFirst Co. (NASDAQ:BANF) EVP Sells $319,500.00 in Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis Jay Hannah sold 3,000 shares of the stock in a transaction that occurred on Friday, July 19th. The shares were sold at an average price of $106.50, for a total transaction of $319,500.00. Following the completion of the sale, the executive vice president now owns 7,714 shares in the company, valued at $821,541. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Dennis Jay Hannah also recently made the following trade(s):

• On Monday, May 6th, Dennis Jay Hannah sold 5,496 shares of BancFirst stock. The shares were sold at an average price of $92.23, for a total transaction of $506,896.08.
• On Friday, May 3rd, Dennis Jay Hannah sold 204 shares of BancFirst stock. The shares were sold at an average price of $92.38, for a total transaction of $18,845.52.
• On Wednesday, April 24th, Dennis Jay Hannah sold 300 shares of BancFirst stock. The stock was sold at an average price of $92.06, for a total value of $27,618.00.

BancFirst Price Performance

NASDAQ BANF opened at $104.88 on Monday. The business has a 50 day simple moving average of $87.87 and a 200 day simple moving average of $88.26. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $107.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 17.14 and a beta of 1.04.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a return on equity of 14.10% and a net margin of 24.65%. Analysts anticipate that BancFirst Co. will post 5.8 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $1.72 annualized dividend and a dividend yield of 1.64%. BancFirst’s dividend payout ratio is currently 28.10%.

Hedge Funds Weigh In On BancFirst

Several hedge funds have recently made changes to their positions in BANF. Diversified Trust Co grew its stake in shares of BancFirst by 4.0% during the 4th quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock worth $377,000 after acquiring an additional 150 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new stake in shares of BancFirst in the 4th quarter valued at approximately $366,000. Raymond James & Associates boosted its holdings in shares of BancFirst by 0.5% in the 4th quarter. Raymond James & Associates now owns 91,694 shares of the bank’s stock valued at $8,925,000 after buying an additional 477 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in shares of BancFirst by 14.0% in the 4th quarter. Tectonic Advisors LLC now owns 9,114 shares of the bank’s stock valued at $887,000 after buying an additional 1,118 shares during the last quarter. Finally, AlphaMark Advisors LLC acquired a new stake in shares of BancFirst in the 4th quarter valued at approximately $271,000. 51.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a research note on Friday.

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.