F Ford Drummond Sells 5,000 Shares of BancFirst (NASDAQ:BANF) Stock

Key Points

• F Ford Drummond, a director at BancFirst Corporation, sold 5,000 shares at an average price of $126.29, decreasing his ownership by 45.45% to 6,000 shares valued at approximately $757,740.
• BancFirst reported $1.85 earnings per share for its last quarter, exceeding analysts' estimates of $1.67, and had a net margin of 24.94%.
• The company declared a quarterly dividend of $0.46 per share, which has an annualized yield of 1.5% and a payout ratio of 26.47%.

BancFirst Corporation (NASDAQ:BANF - Get Free Report) Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $126.29, for a total value of $631,450.00. Following the sale, the director directly owned 6,000 shares in the company, valued at approximately $757,740. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

F Ford Drummond also recently made the following trade(s):

• On Wednesday, May 28th, F Ford Drummond sold 5,000 shares of BancFirst stock. The shares were sold at an average price of $124.12, for a total value of $620,600.00.

BancFirst Trading Up 0.3%

Shares of BancFirst stock traded up $0.35 on Tuesday, hitting $125.34. The stock had a trading volume of 68,466 shares, compared to its average volume of 107,085. The stock has a 50 day moving average of $125.51 and a 200 day moving average of $119.67. The firm has a market capitalization of $4.18 billion, a P/E ratio of 18.03 and a beta of 0.76. BancFirst Corporation has a twelve month low of $97.02 and a twelve month high of $137.40. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.01 and a current ratio of 1.01.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.18. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. The firm had revenue of $169.30 million for the quarter, compared to analyst estimates of $163.62 million. Sell-side analysts expect that BancFirst Corporation will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, June 30th. BancFirst's dividend payout ratio is presently 26.47%.

Hedge Funds Weigh In On BancFirst

Several large investors have recently bought and sold shares of BANF. KLP Kapitalforvaltning AS raised its holdings in shares of BancFirst by 2.2% in the second quarter. KLP Kapitalforvaltning AS now owns 4,600 shares of the bank's stock valued at $570,000 after purchasing an additional 100 shares during the last quarter. Hsbc Holdings PLC grew its position in BancFirst by 4.4% in the 1st quarter. Hsbc Holdings PLC now owns 2,419 shares of the bank's stock worth $265,000 after purchasing an additional 101 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in BancFirst by 1.4% in the 1st quarter. SummerHaven Investment Management LLC now owns 8,839 shares of the bank's stock valued at $971,000 after buying an additional 121 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of BancFirst by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,085 shares of the bank's stock worth $244,000 after buying an additional 133 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of BancFirst by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 4,926 shares of the bank's stock worth $609,000 after buying an additional 134 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BANF. Keefe, Bruyette & Woods lifted their target price on BancFirst from $123.00 to $132.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. DA Davidson upped their price objective on shares of BancFirst from $120.00 to $136.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Finally, Wall Street Zen raised BancFirst from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $134.00.

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.