Insider Selling: BancFirst Co. (NASDAQ:BANF) EVP Sells $900,000.00 in Stock

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

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 transaction 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 shares were sold at an average price of $88.00, for a total value of $643,456.00.

BancFirst Stock Down 0.3 %

BancFirst stock opened at $91.62 on Friday. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 14.97 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 52 week low of $68.44 and a 52 week high of $104.00. The company’s 50-day moving average price is $86.82 and its two-hundred day moving average price is $88.38.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.88%. BancFirst’s dividend payout ratio (DPR) is 28.10%.

Hedge Funds Weigh In On BancFirst

Large investors have recently made changes to their positions in the business. BancFirst Trust & Investment Management grew its holdings in shares of BancFirst by 4.2% in 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 last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of BancFirst by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock worth $93,748,000 after buying an additional 9,751 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in shares of BancFirst by 11.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock worth $21,400,000 after acquiring an additional 25,541 shares in the last quarter. Norges Bank acquired a new stake in shares of BancFirst during the fourth quarter valued at approximately $23,802,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of BancFirst by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock valued at $16,503,000 after acquiring an additional 12,457 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

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