BancFirst Co. (NASDAQ:BANF) Director Sells $602,900.00 in Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the sale, the director now directly owns 6,000 shares of the company's stock, valued at approximately $723,480. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $117.97, for a total value of $589,850.00.

BancFirst Stock Down 0.7 %

NASDAQ BANF traded down $0.88 during trading on Monday, hitting $120.19. The stock had a trading volume of 92,405 shares, compared to its average volume of 126,393. The company has a market capitalization of $3.98 billion, a PE ratio of 18.66 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 company's 50-day moving average price is $120.30 and its two-hundred day moving average price is $113.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. As a group, sell-side analysts forecast that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Tuesday, December 31st. BancFirst's dividend payout ratio (DPR) is 28.57%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BANF shares. Keefe, Bruyette & Woods boosted their target price on BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. DA Davidson boosted their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, StockNews.com cut BancFirst from a "hold" rating to a "sell" rating in a research note on Friday, January 24th.

Institutional Investors Weigh In On BancFirst

Several large investors have recently made changes to their positions in BANF. International Assets Investment Management LLC acquired a new position in shares of BancFirst during the 3rd quarter worth about $112,370,000. Raymond James Financial Inc. acquired a new position in BancFirst during the fourth quarter worth approximately $11,958,000. State Street Corp raised its stake in BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank's stock valued at $92,187,000 after buying an additional 96,483 shares during the period. Geode Capital Management LLC boosted its stake in shares of BancFirst by 13.7% during the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock worth $50,823,000 after acquiring an additional 58,016 shares during the period. Finally, Millennium Management LLC raised its stake in BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank's stock valued at $5,053,000 after acquiring an additional 48,006 shares during the period. Institutional investors and hedge funds own 51.72% of the company's stock.

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.