BancFirst Co. (NASDAQ:BANF) Director F Ford Drummond Sells 5,000 Shares

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

BancFirst Stock Performance

BANF traded down $1.68 during midday trading on Monday, hitting $122.03. 82,991 shares of the company traded hands, compared to its average volume of 104,992. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.06 billion, a PE ratio of 18.95 and a beta of 0.78. The company's 50-day moving average is $116.51 and its 200 day moving average is $118.10. BancFirst Co. has a 52 week low of $81.56 and a 52 week high of $132.29.

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

BancFirst Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, June 30th. BancFirst's dividend payout ratio is currently 27.84%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On BancFirst

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its position in shares of BancFirst by 94.6% during the 3rd quarter. Barclays PLC now owns 56,136 shares of the bank's stock valued at $5,908,000 after purchasing an additional 27,295 shares during the last quarter. KBC Group NV increased its position in shares of BancFirst by 85.6% during the 4th quarter. KBC Group NV now owns 1,162 shares of the bank's stock valued at $136,000 after purchasing an additional 536 shares during the last quarter. Hodges Capital Management Inc. increased its position in shares of BancFirst by 81.6% during the 4th quarter. Hodges Capital Management Inc. now owns 73,000 shares of the bank's stock valued at $8,554,000 after purchasing an additional 32,800 shares during the last quarter. Tectonic Advisors LLC increased its position in shares of BancFirst by 11.3% during the 4th quarter. Tectonic Advisors LLC now owns 11,383 shares of the bank's stock valued at $1,334,000 after purchasing an additional 1,157 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of BancFirst by 3.9% during the 4th quarter. Principal Financial Group Inc. now owns 105,248 shares of the bank's stock valued at $12,333,000 after purchasing an additional 3,972 shares during the last quarter. Institutional investors own 51.72% of the company's stock.

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.