Insider Selling: BancFirst Corp. (BANF) EVP Sells $206,250.00 in Stock
BancFirst Corp. (NASDAQ:BANF) EVP David Westman sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $82.50, for a total value of $206,250.00. Following the completion of the transaction, the executive vice president now directly owns 2,500 shares of the company’s stock, valued at $206,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
David Westman also recently made the following trade(s):
- On Monday, October 31st, David Westman sold 1,250 shares of BancFirst Corp. stock. The shares were sold at an average price of $71.50, for a total value of $89,375.00.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 81.70 on Friday. BancFirst Corp. has a 52-week low of $51.14 and a 52-week high of $85.00. The stock has a 50 day moving average price of $73.68 and a 200-day moving average price of $66.71. The stock has a market capitalization of $1.28 billion, a PE ratio of 19.13 and a beta of 0.64.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings results on Thursday, October 20th. The company reported $1.13 earnings per share (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%. On average, equities research analysts anticipate that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
A number of analysts have recently commented on BANF shares. Keefe, Bruyette & Woods boosted their price objective on BancFirst Corp. from $59.00 to $64.00 and gave the company a “market perform” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded 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.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. increased 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 worth $571,000 after buying an additional 2,560 shares in the last quarter. Creative Planning increased 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. Acadian Asset Management LLC purchased a new position in BancFirst Corp. during the second quarter worth about $518,000. Bank of Montreal Can purchased a new position in BancFirst Corp. during the second quarter worth about $814,000. Finally, Bank of New York Mellon Corp increased 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 worth $4,183,000 after buying an additional 3,168 shares in the last quarter. Hedge funds and other institutional investors 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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