BancFirst Co. (NASDAQ:BANF) EVP Kevin Lawrence Sells 10,000 Shares

BancFirst Co. (NASDAQ:BANF) EVP Kevin Lawrence sold 10,000 shares of BancFirst stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $900,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kevin Lawrence also recently made the following trade(s):

• On Thursday, February 29th, Kevin Lawrence sold 1,159 shares of BancFirst stock. The shares were sold at an average price of $88.00, for a total transaction of $101,992.00.
• On Tuesday, February 27th, Kevin Lawrence sold 1,529 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total transaction of $134,552.00.
• On Friday, February 23rd, Kevin Lawrence sold 7,312 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total value of $643,456.00.

BancFirst Stock Down 0.3 %

BANF opened at $91.62 on Friday. BancFirst Co. has a fifty-two week low of $68.44 and a fifty-two week high of $104.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95. The company’s 50-day moving average is $86.82 and its 200 day moving average is $88.38. The firm has a market capitalization of $3.02 billion, a P/E ratio of 14.97 and a beta of 1.07.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.88%. BancFirst’s payout ratio is presently 28.10%.

Institutional Trading of BancFirst

Institutional investors and hedge funds have recently modified their holdings of the business. Inspire Investing LLC grew its stake in BancFirst by 3.7% in the 3rd quarter. Inspire Investing LLC now owns 3,541 shares of the bank’s stock valued at $307,000 after purchasing an additional 126 shares during the period. Diversified Trust Co increased its holdings in BancFirst by 4.0% during the fourth quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock worth $377,000 after buying an additional 150 shares during the last quarter. Covestor Ltd raised its position in BancFirst by 13.9% in the third quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock worth $108,000 after acquiring an additional 153 shares during the period. Alps Advisors Inc. boosted its stake in BancFirst by 5.2% in the third quarter. Alps Advisors Inc. now owns 3,841 shares of the bank’s stock valued at $333,000 after acquiring an additional 191 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of BancFirst by 3.7% during the 3rd quarter. Victory Capital Management Inc. now owns 7,911 shares of the bank’s stock valued at $686,000 after acquiring an additional 282 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their target price on BancFirst from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th.

BancFirst Company Profile

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.