BancFirst Corp. (BANF) Major Shareholder Banking Ltd Ptnrshp R Sells 48,111 Shares
BancFirst Corp. (NASDAQ:BANF) major shareholder Banking Ltd Ptnrshp R sold 48,111 shares of the stock in a transaction that occurred on Tuesday, November 29th. The stock was sold at an average price of $81.97, for a total value of $3,943,658.67. Following the completion of the sale, the insider now directly owns 5,563,500 shares of the company’s stock, valued at $456,040,095. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Banking Ltd Ptnrshp R also recently made the following trade(s):
- On Friday, November 25th, Banking Ltd Ptnrshp R sold 31,593 shares of BancFirst Corp. stock. The stock was sold at an average price of $83.01, for a total value of $2,622,534.93.
- On Tuesday, November 22nd, Banking Ltd Ptnrshp R sold 26,400 shares of BancFirst Corp. stock. The shares were sold at an average price of $83.00, for a total value of $2,191,200.00.
BancFirst Corp. (NASDAQ:BANF) remained flat at $81.75 during trading on Tuesday. 50,567 shares of the company traded hands. The firm has a 50-day moving average price of $75.49 and a 200-day moving average price of $67.79. The company has a market cap of $1.28 billion, a P/E ratio of 19.15 and a beta of 0.64. BancFirst Corp. has a 12-month low of $51.14 and a 12-month high of $85.00.
BancFirst Corp. (NASDAQ:BANF) last posted its earnings results on Thursday, October 20th. The company reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 expect that BancFirst Corp. will post $4.41 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.52 annualized dividend and a yield of 1.86%. BancFirst Corp.’s payout ratio is 35.60%.
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Separately, Zacks Investment Research raised BancFirst Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Tuesday, October 25th.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in BancFirst Corp. by 304.5% in the second quarter. BlackRock Inc. now owns 1,792 shares of the company’s stock valued at $108,000 after buying an additional 1,349 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in BancFirst Corp. during the third quarter valued at $134,000. Price T Rowe Associates Inc. MD purchased a new stake in BancFirst Corp. during the third quarter valued at $205,000. BlackRock Group LTD boosted its stake in BancFirst Corp. by 47.0% in the second quarter. BlackRock Group LTD now owns 2,982 shares of the company’s stock valued at $180,000 after buying an additional 954 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in BancFirst Corp. during the third quarter valued at $234,000. 30.70% 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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