Robert M. Neville Sells 5,250 Shares of BancFirst Corp. (BANF) Stock
BancFirst Corp. (NASDAQ:BANF) insider Robert M. Neville sold 5,250 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $68.00, for a total value of $357,000.00. Following the completion of the transaction, the insider now directly owns 17,832 shares of the company’s stock, valued at $1,212,576. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 69.05 on Monday. The stock has a 50 day moving average price of $67.35 and a 200-day moving average price of $61.93. The stock has a market capitalization of $1.08 billion, a PE ratio of 16.76 and a beta of 0.81. BancFirst Corp. has a 52-week low of $51.14 and a 52-week high of $71.14.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings data on Thursday, July 21st. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.06. BancFirst Corp. had a return on equity of 9.91% and a net margin of 20.79%. On average, equities research analysts anticipate that BancFirst Corp. will post $4.41 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from BancFirst Corp.’s previous quarterly dividend of $0.36. BancFirst Corp.’s dividend payout ratio is presently 34.95%.
A number of research firms have recently commented on BANF. Zacks Investment Research upgraded BancFirst Corp. from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Wednesday, June 22nd. Keefe, Bruyette & Woods boosted their price objective on BancFirst Corp. from $59.00 to $64.00 and gave the company a “market perform” rating in a research report on Monday, July 25th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC acquired a new position in BancFirst Corp. during the second quarter worth approximately $608,000. Schwab Charles Investment Management Inc. increased its position in BancFirst Corp. by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,751 shares of the company’s stock worth $2,398,000 after buying an additional 378 shares in the last quarter. Numeric Investors LLC purchased a new position in BancFirst Corp. during the second quarter worth about $941,000. AQR Capital Management LLC purchased a new position in BancFirst Corp. during the second quarter worth about $229,000. Finally, Parametric Portfolio Associates LLC increased its position in BancFirst Corp. by 0.6% in the second quarter. Parametric Portfolio Associates LLC now owns 15,472 shares of the company’s stock worth $933,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 29.89% of the company’s stock.
BancFirst Corp. Company Profile
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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