BancFirst Co. (NASDAQ:BANF) Short Interest Update

BancFirst Co. (NASDAQ:BANF) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 361,700 shares, an increase of 5.7% from the May 31st total of 342,100 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 65,400 shares, the days-to-cover ratio is currently 5.5 days.

Insiders Place Their Bets

In other news, EVP Kevin Lawrence sold 10,000 shares of BancFirst stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $900,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Dennis Jay Hannah sold 5,496 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $92.23, for a total value of $506,896.08. Following the completion of the transaction, the executive vice president now owns 10,714 shares in the company, valued at approximately $988,152.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin Lawrence sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $900,000. The disclosure for this sale can be found here. Insiders sold a total of 16,000 shares of company stock valued at $1,453,360 over the last 90 days. 33.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new position in BancFirst in the fourth quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in shares of BancFirst during the 1st quarter valued at $35,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of BancFirst by 557.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after purchasing an additional 429 shares during the last quarter. EntryPoint Capital LLC increased its position in BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after buying an additional 305 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in BancFirst during the first quarter valued at about $105,000. 51.72% of the stock is owned by institutional investors and hedge funds.

BancFirst Price Performance

Shares of BANF traded down $1.22 during midday trading on Wednesday, reaching $86.60. The stock had a trading volume of 24,345 shares, compared to its average volume of 64,289. BancFirst has a 52 week low of $79.99 and a 52 week high of $104.00. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.96 and a quick ratio of 0.95. The firm’s 50 day moving average price is $87.48 and its 200-day moving average price is $88.72. The company has a market capitalization of $2.86 billion, a P/E ratio of 14.35 and a beta of 1.04.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, April 18th. The bank reported $1.50 EPS for the quarter, beating the consensus estimate of $1.37 by $0.13. The business had revenue of $151.00 million during the quarter, compared to the consensus estimate of $147.75 million. BancFirst had a return on equity of 14.62% and a net margin of 24.65%. On average, analysts forecast that BancFirst will post 5.8 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.72 dividend on an annualized basis and a yield of 1.99%. BancFirst’s payout ratio is 28.10%.

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.