Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 5,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) Director F Ford Drummond sold 5,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $124.12, for a total value of $620,600.00. Following the completion of the sale, the director now owns 6,000 shares of the company's stock, valued at $744,720. The trade was a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

BancFirst Stock Down 0.4%

Shares of BANF traded down $0.46 during mid-day trading on Friday, hitting $123.58. 110,118 shares of the company's stock were exchanged, compared to its average volume of 104,985. The firm has a fifty day moving average of $116.31 and a two-hundred day moving average of $118.16. BancFirst Co. has a twelve month low of $81.56 and a twelve month high of $132.29. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 19.19 and a beta of 0.78. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The bank reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.09. The company had revenue of $164.84 million for the quarter, compared to analyst estimates of $161.72 million. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Monday, June 30th. BancFirst's payout ratio is 27.84%.

Hedge Funds Weigh In On BancFirst

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cibc World Markets Corp bought a new stake in shares of BancFirst during the fourth quarter worth $218,000. Vanguard Group Inc. raised its stake in shares of BancFirst by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank's stock worth $270,241,000 after acquiring an additional 44,563 shares during the last quarter. Amundi raised its stake in shares of BancFirst by 189.8% in the fourth quarter. Amundi now owns 10,514 shares of the bank's stock worth $1,200,000 after acquiring an additional 6,886 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of BancFirst by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock worth $12,333,000 after acquiring an additional 3,972 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of BancFirst in the fourth quarter worth about $529,000. 51.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods upgraded BancFirst to a "hold" rating in a report on Monday, May 26th. Wall Street Zen upgraded shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.

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.