BancFirst Co. (NASDAQ:BANF - Get Free Report) Director William Scott Martin sold 10,298 shares of BancFirst stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $126.01, for a total transaction of $1,297,650.98. Following the completion of the sale, the director now owns 281,606 shares in the company, valued at approximately $35,485,172.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
William Scott Martin also recently made the following trade(s):
- On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The stock was sold at an average price of $117.00, for a total transaction of $1,755,000.00.
- On Wednesday, October 30th, William Scott Martin sold 5,000 shares of BancFirst stock. The stock was sold at an average price of $113.50, for a total transaction of $567,500.00.
BancFirst Trading Down 2.9 %
Shares of BancFirst stock opened at $122.57 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $129.00. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 19.71 and a beta of 1.02. The firm's 50 day simple moving average is $108.79 and its two-hundred day simple moving average is $99.03.
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BancFirst (NASDAQ:BANF - Get Free Report) last announced 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 net margin of 23.52% and a return on equity of 13.92%. Analysts predict that BancFirst Co. will post 6.37 EPS for the current year.
BancFirst Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.50%. This is a boost from BancFirst's previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. BancFirst's dividend payout ratio is 29.58%.
Institutional Investors Weigh In On BancFirst
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its stake in BancFirst by 85.7% in the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank's stock worth $967,000 after acquiring an additional 5,066 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in BancFirst by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank's stock worth $1,116,000 after acquiring an additional 168 shares during the last quarter. SG Americas Securities LLC purchased a new position in BancFirst in the first quarter worth approximately $137,000. Sei Investments Co. lifted its stake in BancFirst by 58.8% in the first quarter. Sei Investments Co. now owns 24,140 shares of the bank's stock worth $2,125,000 after acquiring an additional 8,939 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in BancFirst by 3.9% during the first quarter. Inspire Investing LLC now owns 4,070 shares of the bank's stock worth $358,000 after purchasing an additional 152 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms recently commented on BANF. Piper Sandler lifted their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an "underweight" rating in a research note on Monday, July 22nd. DA Davidson boosted their price objective on shares of BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, October 21st. Finally, StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th.
Get Our Latest Stock Analysis on BancFirst
BancFirst Company Profile
(
Get Free Report)
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.
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