Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 10,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $119.13, for a total value of $1,191,300.00. Following the sale, the director now owns 214,499 shares in the company, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BancFirst Trading Down 2.9 %

Shares of NASDAQ BANF traded down $3.48 during trading hours on Tuesday, hitting $114.96. The company's stock had a trading volume of 93,577 shares, compared to its average volume of 90,432. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $3.81 billion, a price-to-earnings ratio of 17.85 and a beta of 1.05. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The business has a 50-day simple moving average of $118.50 and a 200-day simple moving average of $114.94.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

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BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 annualized dividend and a yield of 1.60%. BancFirst's payout ratio is 28.57%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. AlphaQuest LLC grew its holdings in shares of BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock worth $101,000 after acquiring an additional 89 shares during the period. Blue Trust Inc. grew its holdings 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 period. Sanctuary Advisors LLC grew its holdings in shares of BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock worth $338,000 after acquiring an additional 110 shares during the period. Summit Investment Advisors Inc. grew its holdings in shares of BancFirst by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock worth $244,000 after acquiring an additional 133 shares during the period. Finally, Stifel Financial Corp grew its holdings in shares of BancFirst by 0.4% during the 4th quarter. Stifel Financial Corp now owns 38,005 shares of the bank's stock worth $4,453,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 51.72% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BANF. StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a report on Monday. Keefe, Bruyette & Woods lifted their price objective 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.