Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 5,000 Shares of 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 shares were 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 directly owns 6,000 shares of the company’s stock, valued at approximately $707,820. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

BancFirst Stock Performance

BANF stock traded down $1.20 during trading on Wednesday, reaching $118.15. 142,839 shares of the company’s stock were exchanged, compared to its average volume of 118,591. The firm has a market cap of $3.91 billion, a PE ratio of 19.00 and a beta of 1.06. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The company’s fifty day moving average price is $121.39 and its 200-day moving average price is $112.07.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating 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, research analysts expect that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.46 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.56%. BancFirst’s dividend payout ratio is 29.58%.

Analyst Ratings Changes

Several research firms have issued reports on BANF. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson lifted their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of BancFirst during the 3rd quarter valued at about $38,000. Blue Trust Inc. raised its position in BancFirst by 33.9% during the third 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. Point72 DIFC Ltd acquired a new stake in BancFirst in the second quarter valued at approximately $77,000. nVerses Capital LLC bought a new stake in BancFirst in the third quarter worth approximately $105,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of BancFirst during the 2nd quarter worth $114,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

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.