BancFirst Corp. (BANF) Insider Sells $410,400.00 in Stock
BancFirst Corp. (NASDAQ:BANF) insider Dennis L. Brand sold 5,700 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $72.00, for a total transaction of $410,400.00. Following the sale, the insider now owns 20,200 shares of the company’s stock, valued at $1,454,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 81.45 on Friday. The firm has a 50-day moving average of $72.09 and a 200-day moving average of $65.98. The firm has a market capitalization of $1.28 billion, a PE ratio of 19.07 and a beta of 0.64. BancFirst Corp. has a 12-month low of $51.14 and a 12-month high of $82.05.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 20th. The company reported $1.13 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by $0.01. BancFirst Corp. had a return on equity of 10.08% and a net margin of 21.02%. Equities analysts anticipate that BancFirst Corp. will post $4.41 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, September 28th. This is a boost from BancFirst Corp.’s previous quarterly dividend of $0.36. BancFirst Corp.’s payout ratio is currently 35.60%.
Several equities research analysts have recently weighed in on BANF shares. Keefe, Bruyette & Woods increased their price objective on shares of BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of BancFirst Corp. from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Monday, July 25th.
Institutional investors have recently added to or reduced their stakes in the company. Creative Planning boosted its position in BancFirst Corp. by 0.7% in the second quarter. Creative Planning now owns 4,641 shares of the company’s stock worth $280,000 after buying an additional 33 shares in the last quarter. BlackRock Inc. raised its stake in shares of BancFirst Corp. by 4.2% in the third quarter. BlackRock Inc. now owns 1,868 shares of the company’s stock worth $135,000 after buying an additional 76 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of BancFirst Corp. by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 15,472 shares of the company’s stock worth $933,000 after buying an additional 95 shares during the last quarter. BlackRock Group LTD raised its stake in shares of BancFirst Corp. by 6.3% in the third quarter. BlackRock Group LTD now owns 3,171 shares of the company’s stock worth $230,000 after buying an additional 189 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of BancFirst Corp. by 1.2% in the third quarter. California State Teachers Retirement System now owns 16,621 shares of the company’s stock worth $1,205,000 after buying an additional 200 shares during the last quarter. 29.72% of the stock is owned by institutional investors and hedge funds.
BancFirst Corp. Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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