Dennis L. Brand Sells 4,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis L. Brand sold 4,000 shares of BancFirst stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $126.50, for a total transaction of $506,000.00. Following the completion of the transaction, the executive vice president now owns 33,000 shares in the company, valued at approximately $4,174,500. This represents a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BancFirst Trading Down 1.0 %

NASDAQ BANF opened at $125.38 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.15 billion, a P/E ratio of 20.16 and a beta of 1.05. BancFirst Co. has a 52-week low of $81.21 and a 52-week high of $132.29. The firm has a 50-day moving average price of $118.08 and a 200 day moving average price of $104.41.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, October 17th. The bank reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The business had revenue of $163.67 million during the quarter, compared to the consensus estimate of $156.70 million. Equities research analysts expect that BancFirst Co. will post 6.37 EPS for the current year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.47%. BancFirst’s payout ratio is currently 29.58%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BANF. Keefe, Bruyette & Woods boosted their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. DA Davidson boosted their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently made changes to their positions in the stock. BancFirst Trust & Investment Management boosted its holdings in BancFirst by 50.8% during the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after buying an additional 573,224 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BancFirst by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock valued at $87,888,000 after acquiring an additional 16,664 shares during the period. State Street Corp boosted its stake in shares of BancFirst by 12.4% during the 3rd quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after acquiring an additional 96,483 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after acquiring an additional 58,016 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in BancFirst by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank’s stock valued at $20,242,000 after purchasing an additional 26,707 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

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.