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

BancFirst Co. (NASDAQ:BANF) EVP Kevin Lawrence sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $900,000. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 value 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 value 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 value of $643,456.00.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $90.54 on Thursday. 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 stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 14.79 and a beta of 1.09. The stock’s fifty day simple moving average is $86.68 and its 200 day simple moving average is $88.34. BancFirst Co. has a 52-week low of $68.44 and a 52-week high of $104.00.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Wednesday, March 27th. BancFirst’s payout ratio is 28.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BancFirst Trust & Investment Management boosted its position in BancFirst by 4.2% during the 1st quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after acquiring an additional 45,629 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BancFirst by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock worth $93,748,000 after purchasing an additional 9,751 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in BancFirst by 11.5% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock valued at $21,400,000 after purchasing an additional 25,541 shares in the last quarter. Norges Bank acquired a new position in BancFirst in the 4th quarter valued at approximately $23,802,000. Finally, Charles Schwab Investment Management Inc. lifted its position in BancFirst by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock worth $16,503,000 after buying an additional 12,457 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson decreased their target price on BancFirst from $95.00 to $92.00 and set a “neutral” rating on the stock in a 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.