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 the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $123.00, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 transaction 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 value of $1,755,000.00.
• On Wednesday, October 30th, William Scott Martin sold 5,000 shares of BancFirst stock. The stock was sold at an average price of $113.50, for a total value of $567,500.00.

BancFirst Trading Down 0.9 %

Shares of BANF stock opened at $121.78 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $129.00. The stock has a market capitalization of $4.03 billion, a P/E ratio of 19.58 and a beta of 1.02. The firm’s 50 day moving average is $109.61 and its 200 day moving average is $99.50.

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

BancFirst Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BANF shares. Piper Sandler upped their price target 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 upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, DA Davidson increased their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its position in shares of BancFirst by 58.8% during the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock valued at $2,125,000 after acquiring an additional 8,939 shares during the period. BNP Paribas Financial Markets lifted its position in BancFirst by 85.7% during the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock valued at $967,000 after purchasing an additional 5,066 shares in the last quarter. Janus Henderson Group PLC grew its holdings in BancFirst by 87.5% during the first quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock valued at $1,874,000 after purchasing an additional 9,936 shares during the period. Blue Trust Inc. raised its stake in shares of BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of BancFirst during the 1st quarter valued at about $4,274,000. 51.72% of the stock is currently owned by institutional investors.

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.