Main Street Banking Partners L Sells 7,071 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANFGet Rating) major shareholder Main Street Banking Partners L sold 7,071 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $82.51, for a total transaction of $583,428.21. Following the completion of the sale, the insider now owns 5,000,000 shares in the company, valued at $412,550,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of BANF stock traded up $1.91 during trading hours on Tuesday, reaching $83.17. 1,479 shares of the stock were exchanged, compared to its average volume of 167,364. BancFirst Co. has a 12-month low of $53.77 and a 12-month high of $86.82. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $82.82 and its 200-day moving average price is $75.73. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 16.98 and a beta of 1.18.

BancFirst (NASDAQ:BANFGet Rating) last released its quarterly earnings data on Thursday, April 21st. The bank reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.15. The company had revenue of $119.16 million during the quarter, compared to analysts’ expectations of $112.85 million. BancFirst had a net margin of 38.27% and a return on equity of 14.00%. On average, sell-side analysts expect that BancFirst Co. will post 4.72 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a $0.36 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.44 dividend on an annualized basis and a yield of 1.73%. BancFirst’s dividend payout ratio is currently 29.75%.

A number of hedge funds have recently modified their holdings of the business. Maryland State Retirement & Pension System grew its stake in BancFirst by 1.9% in the 1st quarter. Maryland State Retirement & Pension System now owns 7,642 shares of the bank’s stock worth $636,000 after acquiring an additional 142 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in BancFirst by 54.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 466 shares of the bank’s stock worth $27,000 after acquiring an additional 164 shares in the last quarter. FinTrust Capital Advisors LLC boosted its stake in shares of BancFirst by 12.7% during the third quarter. FinTrust Capital Advisors LLC now owns 1,600 shares of the bank’s stock valued at $96,000 after purchasing an additional 180 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of BancFirst by 5.4% during the first quarter. Teacher Retirement System of Texas now owns 3,686 shares of the bank’s stock valued at $307,000 after purchasing an additional 189 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of BancFirst by 3.4% during the first quarter. Bank of Montreal Can now owns 7,111 shares of the bank’s stock valued at $592,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

BANF has been the topic of a number of research reports. Zacks Investment Research upgraded shares of BancFirst from a “hold” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a report on Friday, April 1st. Piper Sandler cut shares of BancFirst from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $87.00 to $79.00 in a research note on Friday, May 6th. Finally, StockNews.com started coverage on shares of BancFirst in a research note on Thursday, March 31st. They set a “hold” rating for the company.

About BancFirst (Get Rating)

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. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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