Insider Selling: BancFirst Co. (NASDAQ:BANF) EVP Sells 300 Shares of Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis Jay Hannah sold 300 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $92.06, for a total transaction of $27,618.00. Following the completion of the sale, the executive vice president now owns 18,414 shares of the company’s stock, valued at approximately $1,695,192.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, February 15th, Dennis Jay Hannah sold 1,000 shares of BancFirst stock. The shares were sold at an average price of $90.07, for a total transaction of $90,070.00.
• On Monday, February 12th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The shares were sold at an average price of $88.66, for a total transaction 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 transaction of $353,800.00.

BancFirst Stock Down 0.9 %

Shares of NASDAQ BANF traded down $0.79 during trading hours on Wednesday, hitting $91.57. 94,092 shares of the stock were exchanged, compared to its average volume of 63,786. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.02 billion, a PE ratio of 14.96 and a beta of 1.09. The firm has a fifty day moving average price of $86.65 and a 200-day moving average price of $88.18. BancFirst Co. has a 12 month low of $68.44 and a 12 month high of $104.00.

BancFirst Dividend Announcement

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

Institutional Trading of BancFirst

Several large investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of BancFirst in the 4th quarter valued at $23,802,000. International Assets Investment Management LLC purchased a new stake in BancFirst during the fourth quarter worth $8,818,000. BancFirst Trust & Investment Management boosted its holdings in BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after buying an additional 45,629 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in BancFirst by 11.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock worth $21,400,000 after buying an additional 25,541 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in BancFirst by 32.4% during the third quarter. Invesco Ltd. now owns 87,866 shares of the bank’s stock worth $7,621,000 after buying an additional 21,521 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson reduced their price objective on shares of BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, January 19th.

About BancFirst

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.