BancFirst Co. (NASDAQ:BANF) EVP Kevin Lawrence sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $56.30, for a total value of $112,600.00. Following the transaction, the executive vice president now owns 2,000 shares in the company, valued at approximately $112,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
BancFirst Co. (NASDAQ:BANF) opened at $56.30 on Wednesday. The stock has a market capitalization of $1,838.85, a P/E ratio of 21.19, a P/E/G ratio of 1.67 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. BancFirst Co. has a 12 month low of $42.50 and a 12 month high of $61.05.
BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.04). The firm had revenue of $91.53 million for the quarter, compared to analysts’ expectations of $86.53 million. BancFirst had a return on equity of 11.72% and a net margin of 23.61%. analysts expect that BancFirst Co. will post 3.38 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.49%. BancFirst’s dividend payout ratio is presently 31.70%.
A number of large investors have recently added to or reduced their stakes in BANF. State Street Corp grew its stake in BancFirst by 9.8% during the 2nd quarter. State Street Corp now owns 158,757 shares of the bank’s stock worth $15,336,000 after buying an additional 14,134 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of BancFirst by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,307 shares of the bank’s stock valued at $305,000 after purchasing an additional 324 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of BancFirst by 98.9% in the 3rd quarter. Nationwide Fund Advisors now owns 38,496 shares of the bank’s stock valued at $2,185,000 after purchasing an additional 19,140 shares during the last quarter. First Trust Advisors LP grew its stake in shares of BancFirst by 91.4% in the 3rd quarter. First Trust Advisors LP now owns 70,540 shares of the bank’s stock valued at $4,003,000 after purchasing an additional 33,683 shares during the last quarter. Finally, Aperio Group LLC grew its stake in shares of BancFirst by 80.3% in the 3rd quarter. Aperio Group LLC now owns 5,699 shares of the bank’s stock valued at $323,000 after purchasing an additional 2,539 shares during the last quarter. Hedge funds and other institutional investors own 33.15% of the company’s stock.
BANF has been the topic of a number of research reports. BidaskClub upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, February 3rd. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating and set a $60.00 price target on the stock in a research note on Monday, January 1st.
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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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