Kevin Lawrence Sells 10,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) EVP Kevin Lawrence sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $900,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Kevin Lawrence also recently made the following trade(s):

• On Thursday, February 29th, Kevin Lawrence sold 1,159 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total transaction of $101,992.00.
• On Tuesday, February 27th, Kevin Lawrence sold 1,529 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total transaction of $134,552.00.
• On Friday, February 23rd, Kevin Lawrence sold 7,312 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total transaction of $643,456.00.

BancFirst Stock Up 1.5 %

BANF traded up $1.37 during trading on Wednesday, hitting $90.54. 83,893 shares of the company's stock were exchanged, compared to its average volume of 64,698. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $86.68 and its two-hundred day moving average is $88.34. BancFirst Co. has a fifty-two week low of $68.44 and a fifty-two week high of $104.00. The stock has a market cap of $2.99 billion, a P/E ratio of 14.79 and a beta of 1.09.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.43 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 annualized dividend and a yield of 1.90%. BancFirst's payout ratio is 28.10%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BANF. BNP Paribas Financial Markets raised its holdings in shares of BancFirst by 85.7% in the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank's stock valued at $967,000 after purchasing an additional 5,066 shares during the last quarter. SpiderRock Advisors LLC purchased a new stake in BancFirst during the first quarter worth about $257,000. Benjamin F. Edwards & Company Inc. increased its holdings in BancFirst by 557.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank's stock worth $45,000 after buying an additional 429 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in BancFirst during the first quarter worth about $35,000. Finally, Wesbanco Bank Inc. purchased a new stake in BancFirst during the first quarter worth about $318,000. Institutional investors and hedge funds own 51.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson cut their target price on shares of BancFirst from $95.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, January 19th.

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.