Insider Selling: BancFirst Corp. (BANF) Major Shareholder Sells 26,400 Shares of Stock
BancFirst Corp. (NASDAQ:BANF) major shareholder Banking Ltd Ptnrshp R sold 26,400 shares of BancFirst Corp. stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $83.00, for a total value of $2,191,200.00. Following the completion of the sale, the insider now owns 5,623,600 shares of the company’s stock, valued at approximately $466,758,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
BancFirst Corp. (NASDAQ:BANF) traded up 0.67% during trading on Tuesday, hitting $83.00. The stock had a trading volume of 91,366 shares. The company has a market cap of $1.30 billion, a P/E ratio of 19.44 and a beta of 0.64. BancFirst Corp. has a 12-month low of $51.14 and a 12-month high of $85.00. The company has a 50 day moving average of $74.58 and a 200-day moving average of $67.25.
BancFirst Corp. (NASDAQ:BANF) last announced its earnings results on Thursday, October 20th. The company reported $1.13 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%. On average, equities analysts predict that BancFirst Corp. will post $4.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Wednesday, December 28th. BancFirst Corp.’s dividend payout ratio is 35.60%.
Large investors have recently made changes to their positions in the stock. GSA Capital Partners LLP bought a new stake in shares of BancFirst Corp. during the second quarter valued at approximately $468,000. Dimensional Fund Advisors LP increased its stake in shares of BancFirst Corp. by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 495,649 shares of the company’s stock valued at $29,897,000 after buying an additional 21,510 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of BancFirst Corp. by 6.3% in the second quarter. California Public Employees Retirement System now owns 11,800 shares of the company’s stock valued at $712,000 after buying an additional 700 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of BancFirst Corp. by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,751 shares of the company’s stock valued at $2,398,000 after buying an additional 378 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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. 30.49% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, October 25th. Keefe, Bruyette & Woods lifted their price objective on BancFirst Corp. from $59.00 to $64.00 and gave the company a “market perform” rating in a research note on Monday, July 25th.
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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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