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.
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.
Read Our Latest Analysis on BANF
About BancFirst
(
Get Free Report)
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.
Recommended Stories
Before you consider BancFirst, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BancFirst wasn't on the list.
While BancFirst currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
