Dennis Jay Hannah Sells 5,496 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis Jay Hannah sold 5,496 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the sale, the executive vice president now directly owns 10,714 shares of the company’s stock, valued at approximately $988,152.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dennis Jay Hannah also recently made the following trade(s):

• On Friday, May 3rd, Dennis Jay Hannah sold 204 shares of BancFirst stock. The stock was sold at an average price of $92.38, for a total value of $18,845.52.
• On Wednesday, April 24th, Dennis Jay Hannah sold 300 shares of BancFirst stock. The stock was sold at an average price of $92.06, for a total value of $27,618.00.
• On Thursday, February 15th, Dennis Jay Hannah sold 1,000 shares of BancFirst stock. The stock was sold at an average price of $90.07, for a total value of $90,070.00.
• On Monday, February 12th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The stock was sold at an average price of $88.66, for a total value of $354,640.00.
• On Friday, February 9th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The stock was sold at an average price of $88.45, for a total value of $353,800.00.

BancFirst Price Performance

BANF opened at $91.22 on Friday. The stock has a fifty day simple moving average of $87.25 and a two-hundred day simple moving average of $88.65. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 14.91 and a beta of 1.07. BancFirst Co. has a 12-month low of $72.10 and a 12-month high of $104.00.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.89%. BancFirst’s dividend payout ratio (DPR) is 28.10%.

Hedge Funds Weigh In On BancFirst

A number of institutional investors have recently added to or reduced their stakes in BANF. Norges Bank bought a new position in BancFirst in the fourth quarter worth $23,802,000. International Assets Investment Management LLC bought a new position in shares of BancFirst during the fourth quarter valued at $8,818,000. BancFirst Trust & Investment Management increased its holdings in shares of BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock valued at $99,246,000 after acquiring an additional 45,629 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in shares of BancFirst by 11.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock valued at $21,400,000 after acquiring an additional 25,541 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of BancFirst by 32.4% during the third quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock valued at $7,621,000 after acquiring an additional 21,521 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their price target on BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a research note 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.