BancFirst Co. (NASDAQ:BANF) Director Sells $1,755,000.00 in Stock

BancFirst Co. (NASDAQ:BANFGet Free Report) Director William Scott Martin sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.00, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 291,904 shares in the company, valued at $34,152,768. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

William Scott Martin also recently made the following trade(s):

  • On Wednesday, October 30th, William Scott Martin sold 5,000 shares of BancFirst stock. The shares were sold at an average price of $113.50, for a total transaction of $567,500.00.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $126.69 on Thursday. The company has a 50 day moving average of $106.97 and a 200 day moving average of $97.88. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a market cap of $4.18 billion, a P/E ratio of 20.37 and a beta of 1.02. BancFirst Co. has a 12 month low of $80.80 and a 12 month high of $128.31.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is currently 29.58%.

Institutional Investors Weigh In On BancFirst

A number of large investors have recently added to or reduced their stakes in BANF. Sei Investments Co. raised its stake in shares of BancFirst by 58.8% during the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after acquiring an additional 8,939 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of BancFirst by 85.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock valued at $967,000 after purchasing an additional 5,066 shares during the last quarter. Janus Henderson Group PLC raised its position in BancFirst by 87.5% in the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after purchasing an additional 9,936 shares during the period. Edgestream Partners L.P. bought a new stake in BancFirst in the first quarter worth $4,274,000. Finally, Raymond James & Associates boosted its position in BancFirst by 4.1% during the third quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock valued at $10,007,000 after buying an additional 3,720 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BANF shares. DA Davidson upped their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st. Piper Sandler boosted their price target on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. Finally, StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

Check Out Our Latest Stock Analysis on BancFirst

About BancFirst

(Get Free Report)

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.

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