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

BancFirst Co. (NASDAQ:BANF) EVP Dennis L. Brand sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the sale, the executive vice president now owns 33,000 shares of the company’s stock, valued at approximately $4,174,500. The trade was a 10.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

BancFirst Stock Performance

NASDAQ BANF opened at $126.63 on Friday. The company has a fifty day moving average of $117.63 and a two-hundred day moving average of $104.14. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. BancFirst Co. has a 1 year low of $81.21 and a 1 year high of $132.29. The company has a market capitalization of $4.20 billion, a PE ratio of 20.36 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last released its quarterly 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. The firm had revenue of $163.67 million for the quarter, compared to the consensus estimate of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. As a group, analysts expect that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.46 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.45%. BancFirst’s payout ratio is currently 29.58%.

Hedge Funds Weigh In On BancFirst

Large investors have recently modified their holdings of the business. Arvest Bank Trust Division acquired a new stake in shares of BancFirst during the 3rd quarter valued at approximately $1,219,000. World Investment Advisors LLC purchased a new position in BancFirst in the 3rd quarter valued at approximately $1,766,000. Sanctuary Advisors LLC raised its holdings in BancFirst by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after purchasing an additional 110 shares during the last quarter. Geode Capital Management LLC boosted its position in BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after purchasing an additional 58,016 shares in the last quarter. Finally, Barclays PLC grew its holdings in BancFirst by 94.6% in the third quarter. Barclays PLC now owns 56,136 shares of the bank’s stock valued at $5,908,000 after purchasing an additional 27,295 shares during the last quarter. 51.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.