BancFirst Co. (NASDAQ:BANF) Director Sells $620,600.00 in Stock

BancFirst Co. (NASDAQ:BANF) Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total value of $620,600.00. Following the completion of the sale, the director now owns 6,000 shares in the company, valued at approximately $744,720. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BancFirst Stock Performance

BancFirst stock opened at $123.58 on Friday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 19.19 and a beta of 0.78. The stock has a fifty day moving average price of $116.31 and a 200 day moving average price of $118.16. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29. 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 (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 EPS for the quarter, topping the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million during the quarter, compared to analyst estimates of $161.72 million. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Equities research analysts anticipate that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.84 annualized dividend and a yield of 1.49%. BancFirst’s dividend payout ratio is presently 27.84%.

Institutional Investors Weigh In On BancFirst

Several institutional investors and hedge funds have recently modified their holdings of the stock. AlphaQuest LLC boosted its position in shares of BancFirst by 11.5% in the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after buying an additional 89 shares during the period. Hsbc Holdings PLC raised its position in shares of BancFirst by 4.4% during the 1st quarter. Hsbc Holdings PLC now owns 2,419 shares of the bank’s stock worth $265,000 after purchasing an additional 101 shares during the period. SummerHaven Investment Management LLC raised its position in shares of BancFirst by 1.4% during the 1st quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank’s stock worth $971,000 after purchasing an additional 121 shares during the period. Summit Investment Advisors Inc. raised its position in shares of BancFirst by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank’s stock worth $244,000 after purchasing an additional 133 shares during the period. Finally, Capstone Triton Financial Group LLC raised its position in shares of BancFirst by 1.1% during the 4th quarter. Capstone Triton Financial Group LLC now owns 13,403 shares of the bank’s stock worth $1,571,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

BANF has been the topic of a number of analyst reports. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods raised BancFirst to a “hold” rating in a report on Monday, May 26th.

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.