David Seat Sells 4,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) insider David Seat sold 4,000 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $59.13, for a total value of $236,520.00. Following the completion of the sale, the insider now owns 9,500 shares of the company’s stock, valued at approximately $561,735. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:BANF opened at $59.10 on Wednesday. BancFirst Co. has a 1 year low of $48.07 and a 1 year high of $59.97. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.03. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 15.47 and a beta of 0.85. The stock has a 50-day moving average price of $55.66 and a two-hundred day moving average price of $55.58.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, October 17th. The bank reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.01). BancFirst had a net margin of 29.12% and a return on equity of 14.47%. The business had revenue of $107.91 million during the quarter, compared to analyst estimates of $104.77 million. Sell-side analysts forecast that BancFirst Co. will post 3.98 earnings per share for the current year.

The firm also recently announced 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 2.17%. This is a boost from BancFirst’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, September 27th. BancFirst’s payout ratio is presently 33.51%.

A number of large investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its stake in BancFirst by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 28,313 shares of the bank’s stock valued at $1,576,000 after acquiring an additional 279 shares during the period. 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 acquiring an additional 431 shares during the period. Virginia Retirement Systems ET AL grew its stake in BancFirst by 9.3% in the second quarter. Virginia Retirement Systems ET AL now owns 9,400 shares of the bank’s stock valued at $523,000 after acquiring an additional 800 shares during the period. Quantamental Technologies LLC acquired a new position in BancFirst in the second quarter valued at about $47,000. Finally, Parallel Advisors LLC acquired a new position in BancFirst in the second quarter valued at about $78,000. 34.35% of the stock is owned by hedge funds and other institutional investors.

BANF has been the subject of a number of recent analyst reports. BidaskClub upgraded BancFirst from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th. Sandler O’Neill initiated coverage on BancFirst in a report on Wednesday, August 14th. They issued a “hold” rating for the company. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Friday, September 6th. Finally, ValuEngine upgraded BancFirst from a “strong sell” rating to a “sell” rating in a report on Friday, October 4th.

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. 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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