Insider Selling: BancFirst Co. (NASDAQ:BANF) EVP Sells 1,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis Jay Hannah sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total transaction of $107,500.00. Following the completion of the sale, the executive vice president now owns 1,214 shares in the company, valued at approximately $130,505. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Dennis Jay Hannah also recently made the following trade(s):

• On Monday, July 22nd, Dennis Jay Hannah sold 1,000 shares of BancFirst stock. The shares were sold at an average price of $105.00, for a total transaction of $105,000.00.
• On Friday, July 19th, Dennis Jay Hannah sold 3,000 shares of BancFirst stock. The shares were sold at an average price of $106.50, for a total transaction of $319,500.00.
• On Monday, May 6th, Dennis Jay Hannah sold 5,496 shares of BancFirst stock. The shares were sold at an average price of $92.23, for a total transaction of $506,896.08.
• On Friday, May 3rd, Dennis Jay Hannah sold 204 shares of BancFirst stock. The shares were sold at an average price of $92.38, for a total transaction of $18,845.52.

BancFirst Stock Performance

Shares of BANF stock traded down $1.86 during trading hours on Wednesday, hitting $105.66. 137,182 shares of the company were exchanged, compared to its average volume of 70,432. The firm has a fifty day simple moving average of $88.49 and a 200 day simple moving average of $88.44. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $108.74. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 17.73 and a beta of 1.04.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.09. BancFirst had a net margin of 29.64% and a return on equity of 14.10%. Research analysts predict that BancFirst Co. will post 6.07 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Friday, June 28th. BancFirst’s dividend payout ratio (DPR) is presently 28.10%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Friday, July 19th. Piper Sandler raised 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in BancFirst in the 4th quarter worth approximately $25,000. Global Retirement Partners LLC bought a new position in BancFirst in the 1st quarter worth approximately $35,000. Benjamin F. Edwards & Company Inc. boosted its holdings in BancFirst by 557.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock worth $45,000 after buying an additional 429 shares during the period. EntryPoint Capital LLC boosted its holdings in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after buying an additional 305 shares during the period. Finally, Transcendent Capital Group LLC bought a new position in BancFirst in the 1st quarter worth approximately $105,000. 51.72% of the stock is owned by institutional investors.

BancFirst Company Profile

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.