William Scott Martin Sells 10,298 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 10,298 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $126.01, for a total value of $1,297,650.98. Following the completion of the transaction, the director now directly owns 281,606 shares of the company’s stock, valued at approximately $35,485,172.06. The trade was a 3.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, November 6th, William Scott Martin sold 15,000 shares of BancFirst stock. The shares were 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 shares were sold at an average price of $113.50, for a total transaction of $567,500.00.

BancFirst Trading Up 0.3 %

Shares of BANF opened at $122.92 on Friday. The firm has a market capitalization of $4.07 billion, a PE ratio of 19.76 and a beta of 1.02. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $129.00. 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 stock’s fifty day simple moving average is $109.20 and its 200-day simple moving average is $99.20.

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

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.50%. The ex-dividend date was Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is presently 29.58%.

Institutional Trading of BancFirst

Several hedge funds have recently added to or reduced their stakes in BANF. BNP Paribas Financial Markets raised its holdings in BancFirst by 85.7% during the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock worth $967,000 after buying an additional 5,066 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of BancFirst by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank’s stock valued at $1,116,000 after purchasing an additional 168 shares during the period. SG Americas Securities LLC acquired a new stake in shares of BancFirst in the first quarter valued at approximately $137,000. Sei Investments Co. boosted its position in 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 purchasing an additional 8,939 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of BancFirst by 3.9% during the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after buying an additional 152 shares during the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

BANF has been the subject of several analyst reports. DA Davidson lifted their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Piper Sandler raised their price target on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd.

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.