BancFirst Co. (NASDAQ:BANF) Director William Scott Martin Sells 10,298 Shares

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,298 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total value of $1,297,650.98. Following the sale, the director now owns 281,606 shares of the company’s stock, valued at $35,485,172.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The shares were sold at an average price of $117.00, for a total value of $1,755,000.00.
• On Wednesday, October 30th, William Scott Martin sold 5,000 shares of BancFirst stock. The stock was sold at an average price of $113.50, for a total value of $567,500.00.

BancFirst Price Performance

BANF stock opened at $122.57 on Thursday. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $129.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm’s 50-day moving average price is $108.79 and its two-hundred day moving average price is $99.03. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.71 and a beta of 1.02.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. As a group, equities analysts predict that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.46 per share. This is an increase from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. BancFirst’s dividend payout ratio is 29.58%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson lifted 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. raised its position in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares during the period. Louisiana State Employees Retirement System raised its position in shares of BancFirst by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock valued at $640,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System raised its position in shares of BancFirst by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock valued at $526,000 after purchasing an additional 112 shares during the period. Diversified Trust Co raised its position in shares of BancFirst by 2.6% during the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock valued at $436,000 after purchasing an additional 128 shares during the period. Finally, Inspire Investing LLC raised its position in shares of BancFirst by 3.9% during the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock valued at $358,000 after purchasing an additional 152 shares during the period. 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.