William Scott Martin Sells 25,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 25,000 shares of BancFirst stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $123.00, for a total value of $3,075,000.00. Following the sale, the director now directly owns 249,106 shares in the company, valued at $30,640,038. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, November 13th, William Scott Martin sold 10,298 shares of BancFirst stock. The shares were sold at an average price of $126.01, for a total value of $1,297,650.98.
• 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 shares were sold at an average price of $113.50, for a total transaction of $567,500.00.

BancFirst Trading Down 0.9 %

NASDAQ:BANF opened at $121.78 on Monday. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $129.00. 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’s fifty day moving average is $109.61 and its 200-day moving average is $99.56. The firm has a market cap of $4.03 billion, a P/E ratio of 19.58 and a beta of 1.02.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. BancFirst had a net margin of 23.52% and a return on equity of 13.92%. The business had revenue of $163.67 million for the quarter, compared to analysts’ expectations of $156.70 million. Equities analysts expect that BancFirst Co. will post 6.37 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 annualized dividend and a yield of 1.51%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio (DPR) is currently 29.58%.

Hedge Funds Weigh In On BancFirst

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in shares of BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after acquiring an additional 58,016 shares in the last quarter. Barclays PLC raised its holdings in shares of BancFirst by 94.6% during 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 period. State Street Corp boosted its position in shares of BancFirst by 12.4% during the 3rd quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after purchasing an additional 96,483 shares in the last quarter. Retirement Investment Advisors Inc. acquired a new stake in shares of BancFirst in the 3rd quarter valued at about $200,000. Finally, Kolinsky Wealth Management LLC bought a new stake in BancFirst in the 3rd quarter valued at about $210,000. 51.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BANF shares. Piper Sandler boosted their price objective 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. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, DA Davidson increased their price target on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, October 21st.

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.