Insider Selling: BancFirst Co. (NASDAQ:BANF) EVP Sells $27,618.00 in Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis Jay Hannah sold 300 shares of BancFirst stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total transaction of $27,618.00. Following the sale, the executive vice president now directly owns 18,414 shares of the company’s stock, valued at approximately $1,695,192.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dennis Jay Hannah also recently made the following trade(s):

• On Thursday, February 15th, Dennis Jay Hannah sold 1,000 shares of BancFirst stock. The stock was sold at an average price of $90.07, for a total value of $90,070.00.
• On Monday, February 12th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The stock was sold at an average price of $88.66, for a total value of $354,640.00.
• On Friday, February 9th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The shares were sold at an average price of $88.45, for a total value of $353,800.00.

BancFirst Stock Down 0.3 %

Shares of BANF opened at $89.08 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $2.94 billion, a PE ratio of 14.56 and a beta of 1.09. The firm’s 50 day moving average is $86.71 and its 200-day moving average is $88.22. BancFirst Co. has a 12 month low of $68.44 and a 12 month high of $104.00.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.72 annualized dividend and a yield of 1.93%. BancFirst’s dividend payout ratio is presently 28.10%.

Institutional Trading of BancFirst

Large investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in BancFirst during the fourth quarter worth about $8,818,000. Illinois Municipal Retirement Fund bought a new position in BancFirst in the third quarter valued at approximately $909,000. Schonfeld Strategic Advisors LLC acquired a new position in BancFirst during the third quarter valued at approximately $1,242,000. Tectonic Advisors LLC lifted its stake in BancFirst by 14.0% during the fourth quarter. Tectonic Advisors LLC now owns 9,114 shares of the bank’s stock worth $887,000 after purchasing an additional 1,118 shares during the last quarter. Finally, Diversified Trust Co boosted its holdings in shares of BancFirst by 4.0% in the 4th quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock valued at $377,000 after purchasing an additional 150 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their target price on shares of BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, January 19th.

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.