BancFirst (NASDAQ:BANF) Sets New 52-Week High at $108.25

BancFirst Co. (NASDAQ:BANFGet Rating)’s stock price reached a new 52-week high on Friday . The company traded as high as $108.25 and last traded at $108.06, with a volume of 190 shares trading hands. The stock had previously closed at $106.15.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BANF shares. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Monday, July 25th. Piper Sandler raised their price target on shares of BancFirst to $91.00 in a report on Monday, July 25th.

BancFirst Stock Performance

The business’s fifty day moving average price is $94.47 and its 200-day moving average price is $85.13. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $3.52 billion, a PE ratio of 22.70 and a beta of 1.07.

BancFirst (NASDAQ:BANFGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The bank reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.25. BancFirst had a net margin of 38.21% and a return on equity of 13.56%. As a group, equities research analysts forecast that BancFirst Co. will post 5.56 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Wednesday, June 29th. BancFirst’s dividend payout ratio is currently 30.44%.

Insider Buying and Selling at BancFirst

In other BancFirst news, CEO David E. Rainbolt sold 90,438 shares of BancFirst stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $83.26, for a total transaction of $7,529,867.88. Following the transaction, the chief executive officer now owns 5,046,489 shares of the company’s stock, valued at $420,170,674.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David E. Rainbolt sold 90,438 shares of BancFirst stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $83.26, for a total transaction of $7,529,867.88. Following the sale, the chief executive officer now owns 5,046,489 shares in the company, valued at $420,170,674.14. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David E. Rainbolt sold 7,080 shares of BancFirst stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $82.51, for a total transaction of $584,170.80. Following the sale, the chief executive officer now owns 5,000,000 shares in the company, valued at approximately $412,550,000. The disclosure for this sale can be found here. Insiders have sold 164,089 shares of company stock valued at $13,834,667 over the last 90 days. 35.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BancFirst

Several large investors have recently bought and sold shares of the business. Curated Wealth Partners LLC bought a new stake in BancFirst in the second quarter worth $486,000. Venture Visionary Partners LLC bought a new stake in BancFirst in the second quarter worth $44,000. Everence Capital Management Inc. increased its position in BancFirst by 26.1% in the second quarter. Everence Capital Management Inc. now owns 5,260 shares of the bank’s stock worth $503,000 after purchasing an additional 1,090 shares during the last quarter. KBC Group NV bought a new stake in BancFirst in the second quarter worth $371,000. Finally, Wolff Wiese Magana LLC bought a new position in BancFirst during the second quarter valued at $54,000. Institutional investors own 46.45% of the company’s stock.

BancFirst Company Profile

(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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