F Ford Drummond Sells 5,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director F Ford Drummond sold 5,000 shares of BancFirst stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $117.97, for a total transaction of $589,850.00. Following the sale, the director now owns 6,000 shares of the company’s stock, valued at approximately $707,820. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

BancFirst Stock Performance

BancFirst stock opened at $118.93 on Friday. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 19.12 and a beta of 1.06. The stock has a fifty day moving average of $121.25 and a two-hundred day moving average of $112.16. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, analysts anticipate that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, December 31st. BancFirst’s payout ratio is 28.57%.

Institutional Trading of BancFirst

A number of hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BancFirst during the 3rd quarter worth $38,000. Blue Trust Inc. increased its stake in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after purchasing an additional 99 shares during the last quarter. Point72 DIFC Ltd purchased a new position in BancFirst during the second quarter worth about $77,000. nVerses Capital LLC acquired a new stake in BancFirst in the 3rd quarter worth about $105,000. Finally, KBC Group NV grew its holdings in BancFirst by 85.6% in the 4th quarter. KBC Group NV now owns 1,162 shares of the bank’s stock valued at $136,000 after buying an additional 536 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods lifted their price objective on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Friday, January 24th. Finally, DA Davidson increased their price objective on shares of 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.