BancFirst (NASDAQ:BANF) Shares Up 5.2%

BancFirst Co. (NASDAQ:BANF - Get Free Report)'s stock price traded up 5.2% on Friday . The company traded as high as $86.26 and last traded at $86.26. 28,789 shares were traded during trading, a decline of 52% from the average session volume of 60,258 shares. The stock had previously closed at $82.01.

Analyst Upgrades and Downgrades

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

BancFirst Stock Performance

The firm has a fifty day moving average price of $86.49 and a 200 day moving average price of $88.07. The firm has a market capitalization of $2.94 billion, a PE ratio of 14.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95.

BancFirst (NASDAQ:BANF - Get Free Report) last posted its quarterly earnings data on Thursday, January 18th. The bank reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.44 by $0.02. The company had revenue of $150.22 million during the quarter, compared to analyst estimates of $146.84 million. BancFirst had a net margin of 26.25% and a return on equity of 15.58%. The firm's quarterly revenue was down 5.2% compared to the same quarter last year. Research analysts anticipate that BancFirst Co. will post 5.36 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.93%. BancFirst's dividend payout ratio (DPR) is presently 27.13%.

Insider Buying and Selling

In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $88.66, for a total transaction of $354,640.00. Following the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at approximately $2,191,143.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of the firm's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $88.66, for a total transaction of $354,640.00. Following the completion of the sale, the executive vice president now directly owns 24,714 shares in the company, valued at approximately $2,191,143.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kevin Lawrence sold 1,529 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $88.00, for a total value of $134,552.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $880,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,000 shares of company stock valued at $1,678,510. Company insiders own 33.89% of the company's stock.

Institutional Investors Weigh In On BancFirst

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. GAMMA Investing LLC acquired a new position in shares of BancFirst in the fourth quarter worth $25,000. West Tower Group LLC acquired a new position in BancFirst in the 4th quarter worth about $29,000. Royal Bank of Canada raised its stake in shares of BancFirst by 19.4% during the 3rd quarter. Royal Bank of Canada now owns 745 shares of the bank's stock worth $66,000 after purchasing an additional 121 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of BancFirst by 45.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 987 shares of the bank's stock valued at $87,000 after buying an additional 309 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank's stock valued at $108,000 after buying an additional 153 shares in the last quarter. Hedge funds and other 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.