Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells $1,297,650.98 in Stock

16 Nov 2024, 10:08 by Tristan Rich · The Markets Daily

BancFirst Co. (NASDAQ:BANF – Get Free Report) Director William Scott Martin sold 10,298 shares of the company’s 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 directly owns 281,606 shares in the company, valued at approximately $35,485,172.06. The trade was a 3.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

William Scott Martin also recently made the following trade(s):

On Friday, November 15th, William Scott Martin sold 25,000 shares of BancFirst stock. The shares were sold at an average price of $123.00, for a total value of $3,075,000.00.
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 value 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 Price Performance

Shares of NASDAQ BANF opened at $121.78 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $4.03 billion, a PE ratio of 19.58 and a beta of 1.02. BancFirst Co. has a one year low of $81.21 and a one year high of $129.00. The firm has a fifty day moving average of $109.61 and a 200 day moving average of $99.43.

BancFirst (NASDAQ:BANF – Get Free Report) last released its earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.18. The business had revenue of $163.67 million during the quarter, compared to analysts’ expectations of $156.70 million. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. As a group, research analysts predict that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Increases Dividend

The company 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 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Institutional Trading of BancFirst

Large investors have recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of BancFirst by 58.8% during the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after buying an additional 8,939 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in BancFirst by 85.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock valued at $967,000 after acquiring an additional 5,066 shares during the last quarter. Janus Henderson Group PLC raised its holdings in BancFirst by 87.5% in the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock valued at $1,874,000 after acquiring an additional 9,936 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of BancFirst in the first quarter valued at approximately $4,274,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. DA Davidson raised their price target 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. Piper Sandler raised their target price on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. Finally, StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th.

View Our Latest Report on BancFirst

About BancFirst

(Get Free Report)