Dennis L. Brand Buys 5,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis L. Brand bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 13th. The stock was bought at an average cost of $54.50 per share, for a total transaction of $272,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BANF opened at $55.24 on Friday. The firm has a market cap of $1.81 billion, a P/E ratio of 12.53 and a beta of 1.42. BancFirst Co. has a 12 month low of $39.20 and a 12 month high of $77.38. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $56.51 and a 200 day moving average of $64.63.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Monday, July 19th. The bank reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.32. The company had revenue of $126.98 million during the quarter, compared to analyst estimates of $114.60 million. BancFirst had a return on equity of 13.55% and a net margin of 30.54%. On average, research analysts forecast that BancFirst Co. will post 4.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Investors of record on Thursday, September 30th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, September 29th. This represents a $1.44 annualized dividend and a yield of 2.61%. This is a positive change from BancFirst’s previous quarterly dividend of $0.34. BancFirst’s dividend payout ratio (DPR) is currently 45.33%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in shares of BancFirst by 18.6% during the first quarter. First Trust Advisors LP now owns 70,698 shares of the bank’s stock valued at $3,687,000 after buying an additional 11,086 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in shares of BancFirst during the first quarter valued at approximately $141,000. Victory Capital Management Inc. boosted its position in shares of BancFirst by 4.9% during the first quarter. Victory Capital Management Inc. now owns 6,743 shares of the bank’s stock valued at $477,000 after buying an additional 314 shares during the period. Swiss National Bank boosted its position in shares of BancFirst by 1.0% during the first quarter. Swiss National Bank now owns 41,118 shares of the bank’s stock valued at $2,907,000 after buying an additional 400 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its position in shares of BancFirst by 134.7% during the first quarter. BNP Paribas Arbitrage SA now owns 9,432 shares of the bank’s stock valued at $667,000 after buying an additional 5,414 shares during the period. Institutional investors own 37.57% of the company’s stock.

A number of research firms have commented on BANF. Zacks Investment Research raised BancFirst from a “sell” rating to a “hold” rating in a report on Friday, August 13th. DA Davidson reissued a “neutral” rating on shares of BancFirst in a report on Monday, July 19th.

About BancFirst

BancFirst Corp. is a bank holding company, which provides retail and commercial banking services. Its services include: commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; retail brokerage services; and other services tailored for both individual and corporate customers.

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