Insider Selling: BancFirst Corp. (BANF) Insider Sells $37,000.00 in Stock
BancFirst Corp. (NASDAQ:BANF) insider Dennis L. Brand sold 500 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $74.00, for a total value of $37,000.00. Following the sale, the insider now owns 15,000 shares in the company, valued at approximately $1,110,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
BancFirst Corp. (NASDAQ:BANF) opened at 84.45 on Monday. BancFirst Corp. has a one year low of $51.14 and a one year high of $84.65. The stock has a 50 day moving average price of $72.44 and a 200-day moving average price of $66.15. The firm has a market cap of $1.33 billion, a P/E ratio of 19.78 and a beta of 0.64.
BancFirst Corp. (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 20th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by $0.01. BancFirst Corp. had a net margin of 21.02% and a return on equity of 10.08%. Analysts predict that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
BANF has been the topic of several recent analyst reports. Zacks Investment Research downgraded BancFirst Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 26th. Keefe, Bruyette & Woods boosted their price objective on 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 institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. boosted its position in BancFirst Corp. by 34.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 10,016 shares of the company’s stock valued at $571,000 after buying an additional 2,560 shares in the last quarter. 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 valued at $280,000 after buying an additional 33 shares in the last quarter. Acadian Asset Management LLC purchased a new position in BancFirst Corp. during the second quarter valued at about $518,000. Bank of Montreal Can purchased a new position in BancFirst Corp. during the second quarter valued at about $814,000. Finally, Bank of New York Mellon Corp boosted its position in BancFirst Corp. by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 69,339 shares of the company’s stock valued at $4,183,000 after buying an additional 3,168 shares in the last quarter. Institutional investors and hedge funds own 30.05% of the company’s stock.
About BancFirst Corp.
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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