David Seat Sells 8,873 Shares of BancFirst Corp. (BANF) Stock
BancFirst Corp. (NASDAQ:BANF) insider David Seat sold 8,873 shares of the company’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $72.50, for a total transaction of $643,292.50. Following the transaction, the insider now owns 17,223 shares in the company, valued at approximately $1,248,667.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 81.45 on Friday. BancFirst Corp. has a 12-month low of $51.14 and a 12-month high of $82.05. The company has a 50 day moving average of $72.09 and a 200-day moving average of $65.98. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 19.07 and a beta of 0.64.
BancFirst Corp. (NASDAQ:BANF) last issued its earnings results on Thursday, October 20th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.01. BancFirst Corp. had a return on equity of 10.08% and a net margin of 21.02%. Analysts predict that BancFirst Corp. will post $4.41 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued 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 positive change from BancFirst Corp.’s previous quarterly dividend of $0.36. BancFirst Corp.’s dividend payout ratio (DPR) is 35.60%.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of BancFirst Corp. from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a report on Tuesday, October 25th. Keefe, Bruyette & Woods upped their target price on shares of BancFirst Corp. from $59.00 to $64.00 and gave the stock a “market perform” rating in a report on Monday, July 25th.
A number of large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of BancFirst Corp. by 304.5% in the second quarter. BlackRock Inc. now owns 1,792 shares of the company’s stock worth $108,000 after buying an additional 1,349 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of BancFirst Corp. during the third quarter worth about $134,000. BlackRock Group LTD raised its stake in shares of BancFirst Corp. by 47.0% in the second quarter. BlackRock Group LTD now owns 2,982 shares of the company’s stock worth $180,000 after buying an additional 954 shares during the period. Citadel Advisors LLC purchased a new stake in shares of BancFirst Corp. during the third quarter worth about $234,000. Finally, AQR Capital Management LLC purchased a new stake in shares of BancFirst Corp. during the second quarter worth about $229,000. 29.72% of the stock is currently 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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