William Scott Martin Sells 25,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 25,000 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $123.00, for a total value of $3,075,000.00. Following the completion of the sale, the director now owns 249,106 shares of the company’s stock, valued at $30,640,038. The trade was a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Wednesday, November 13th, William Scott Martin sold 10,298 shares of BancFirst stock. The stock was sold at an average price of $126.01, for a total value of $1,297,650.98.
• On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The stock was sold at an average price of $117.00, for a total transaction of $1,755,000.00.
• 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 Trading Down 0.9 %

Shares of NASDAQ BANF opened at $121.78 on Friday. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $129.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day moving average is $109.61 and its two-hundred day moving average is $99.50. The stock has a market capitalization of $4.03 billion, a P/E ratio of 19.58 and a beta of 1.02.

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

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 annualized dividend and a dividend yield of 1.51%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is currently 29.58%.

Hedge Funds Weigh In On BancFirst

Large investors have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in BancFirst in the third quarter worth about $38,000. Blue Trust Inc. lifted its stake in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in BancFirst by 64.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock valued at $73,000 after acquiring an additional 328 shares during the period. EntryPoint Capital LLC boosted its position in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after buying an additional 305 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of BancFirst in the second quarter valued at approximately $77,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Piper Sandler lifted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. DA Davidson increased their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

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.