BancFirst Co. (NASDAQ:BANF) Director William Scott Martin Sells 10,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total value of $1,191,300.00. Following the transaction, the director now directly owns 214,499 shares of the company’s stock, valued at $25,553,265.87. The trade was a 4.45 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

BancFirst Trading Up 2.2 %

NASDAQ:BANF opened at $119.36 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 company’s 50 day moving average is $118.50 and its 200-day moving average is $114.60. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 18.53 and a beta of 1.05. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. Equities analysts anticipate that BancFirst Co. will post 6.52 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BANF. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price objective on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Institutional Trading of BancFirst

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Global Management LLC bought a new stake in shares of BancFirst during the fourth quarter worth $807,000. Voloridge Investment Management LLC lifted its stake in shares of BancFirst by 32.0% in the 4th quarter. Voloridge Investment Management LLC now owns 66,104 shares of the bank’s stock valued at $7,746,000 after purchasing an additional 16,010 shares during the period. Squarepoint Ops LLC boosted its position in shares of BancFirst by 284.7% in the 4th quarter. Squarepoint Ops LLC now owns 17,978 shares of the bank’s stock worth $2,107,000 after purchasing an additional 13,305 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of BancFirst by 21.0% during the fourth quarter. Rafferty Asset Management LLC now owns 17,806 shares of the bank’s stock worth $2,087,000 after purchasing an additional 3,095 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in BancFirst in the fourth quarter valued at about $210,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

About BancFirst

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.