BancFirst Co. (NASDAQ:BANF) SVP Kelly Foster Sells 2,500 Shares

BancFirst Co. (NASDAQ:BANF) SVP Kelly Foster sold 2,500 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $60.00, for a total value of $150,000.00. Following the transaction, the senior vice president now owns 2,500 shares of the company’s stock, valued at $150,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

BANF stock opened at $59.33 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $56.75 and a two-hundred day moving average price of $55.90. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 15.53 and a beta of 0.85. BancFirst Co. has a twelve month low of $48.07 and a twelve month high of $60.10.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $1.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.01 by ($0.01). The company had revenue of $107.91 million during the quarter, compared to the consensus estimate of $104.77 million. BancFirst had a net margin of 29.12% and a return on equity of 14.47%. On average, equities research analysts anticipate that BancFirst Co. will post 4.08 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.16%. This is an increase from BancFirst’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, September 27th. BancFirst’s dividend payout ratio (DPR) is currently 33.51%.

Hedge funds have recently bought and sold shares of the business. CWM LLC grew its stake in BancFirst by 1,267.6% in the third quarter. CWM LLC now owns 465 shares of the bank’s stock valued at $26,000 after purchasing an additional 431 shares in the last quarter. Quantamental Technologies LLC bought a new position in BancFirst in the second quarter valued at approximately $47,000. Parallel Advisors LLC bought a new position in BancFirst in the second quarter valued at approximately $78,000. Bank of Montreal Can bought a new position in BancFirst in the second quarter valued at approximately $87,000. Finally, Venturi Wealth Management LLC bought a new position in BancFirst in the third quarter valued at approximately $141,000. Hedge funds and other institutional investors own 34.49% of the company’s stock.

A number of research analysts recently issued reports on the company. ValuEngine downgraded BancFirst from a “sell” rating to a “strong sell” rating in a report on Friday, November 1st. BidaskClub downgraded BancFirst from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research note on Friday, September 6th. Finally, Sandler O’Neill began coverage on BancFirst in a research note on Wednesday, August 14th. They issued a “hold” rating for the company.

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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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