F Ford Drummond Sells 5,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director F Ford Drummond sold 5,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the completion of the sale, the director now directly owns 6,000 shares in the company, valued at $723,480. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

F Ford Drummond also recently made the following trade(s):

• On Wednesday, January 29th, F Ford Drummond sold 5,000 shares of BancFirst stock. The shares were sold at an average price of $117.97, for a total value of $589,850.00.

BancFirst Trading Up 1.0 %

NASDAQ:BANF opened at $123.19 on Friday. 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 firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.13 and a beta of 1.05. The stock has a fifty day simple moving average of $120.55 and a 200 day simple moving average of $112.87.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Tuesday, December 31st. BancFirst’s payout ratio is presently 28.57%.

Institutional Trading of BancFirst

Institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after purchasing an additional 191 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in BancFirst during the third quarter valued at approximately $38,000. Blue Trust Inc. raised its stake in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares during the period. nVerses Capital LLC bought a new stake in BancFirst in the third quarter valued at approximately $105,000. Finally, KBC Group NV increased its stake in shares of BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after purchasing an additional 536 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on BANF shares. DA Davidson raised their price target on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods lifted their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 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.