William Scott Martin Sells 5,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director William Scott Martin sold 5,000 shares of BancFirst stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $113.50, for a total transaction of $567,500.00. Following the transaction, the director now directly owns 306,904 shares of the company’s stock, valued at $34,833,604. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BancFirst Price Performance

BANF opened at $108.71 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $3.59 billion, a P/E ratio of 17.48 and a beta of 1.03. The company’s 50 day simple moving average is $106.32 and its 200-day simple moving average is $96.87. BancFirst Co. has a one year low of $80.28 and a one year high of $115.62.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is presently 29.58%.

Institutional Investors Weigh In On BancFirst

A number of institutional investors and hedge funds have recently made changes to their positions in BANF. Whittier Trust Co. of Nevada Inc. bought a new position in BancFirst in the third quarter valued at about $38,000. Blue Trust Inc. boosted its stake in shares of BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after purchasing an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of BancFirst by 64.8% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank’s stock worth $73,000 after buying an additional 328 shares during the period. EntryPoint Capital LLC raised its stake in shares of BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after buying an additional 305 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in BancFirst in the second quarter valued at approximately $77,000. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

BANF has been the subject of a number of research analyst reports. Piper Sandler lifted their target price on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. DA Davidson boosted their price objective on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Finally, StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

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.