William Scott Martin Sells 10,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the transaction, the director now owns 214,499 shares in the company, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

BancFirst Stock Performance

BancFirst stock opened at $119.36 on Friday. The company has a market capitalization of $3.95 billion, a PE ratio of 18.53 and a beta of 1.05. BancFirst Co. has a twelve month low of $81.21 and a twelve month high of $132.29. The firm has a fifty day simple moving average of $118.50 and a two-hundred day simple moving average of $114.60. 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 (NASDAQ:BANF) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Research analysts expect that BancFirst Co. will post 6.52 EPS for the current year.

Institutional Trading of BancFirst

Institutional investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position 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 during the last quarter. Blue Trust Inc. increased its stake in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank’s stock worth $65,000 after purchasing an additional 491 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of BancFirst by 11.5% in the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after buying an additional 89 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in BancFirst during the fourth quarter valued at approximately $135,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

BANF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

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.