BancFirst Co. (NASDAQ:BANF) Director Sells $567,500.00 in Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) Director William Scott Martin sold 5,000 shares of BancFirst stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total transaction of $567,500.00. Following the sale, the director now owns 306,904 shares in the company, valued at $34,833,604. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BancFirst Stock Up 0.2 %

Shares of BANF traded up $0.19 during midday trading on Wednesday, hitting $110.90. The company had a trading volume of 71,701 shares, compared to its average volume of 82,899. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 17.83 and a beta of 1.03. The company's 50 day moving average price is $106.32 and its 200 day moving average price is $96.87. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 52 week low of $80.28 and a 52 week high of $115.62.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.46 dividend. This is a positive change from BancFirst's previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.66%. The ex-dividend date was Monday, September 30th. BancFirst's payout ratio is currently 29.58%.

Institutional Trading of BancFirst

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock valued at $41,000 after acquiring an additional 99 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in BancFirst by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank's stock valued at $640,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of BancFirst by 1.9% during the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank's stock worth $526,000 after purchasing an additional 112 shares during the period. Diversified Trust Co lifted its position in shares of BancFirst by 2.6% in the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank's stock worth $436,000 after buying an additional 128 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in shares of BancFirst by 3.9% in the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank's stock worth $358,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BANF. DA Davidson raised their target price on BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, October 21st. Piper Sandler raised their price objective on BancFirst from $84.50 to $95.00 and gave the company an "underweight" rating in a research note on Monday, July 22nd. Finally, StockNews.com lowered BancFirst from a "hold" rating to a "sell" rating in a research report on Wednesday, September 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.