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

BancFirst Co. (NASDAQ:BANF) 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.

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.