BancFirst (NASDAQ:BANF) Stock Price Up 5.2%

Shares of BancFirst Co. (NASDAQ:BANF) were up 5.2% on Friday . The stock traded as high as $86.26 and last traded at $86.26. Approximately 28,789 shares changed hands during mid-day trading, a decline of 52% from the average daily volume of 60,258 shares. The stock had previously closed at $82.01.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased their target price on shares of BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, January 19th.

BancFirst Stock Up 8.9 %

The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 14.59 and a beta of 1.09. The firm’s fifty day moving average is $86.49 and its 200-day moving average is $88.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 18th. The bank reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.02. The firm had revenue of $150.22 million for the quarter, compared to analysts’ expectations of $146.84 million. BancFirst had a net margin of 26.25% and a return on equity of 14.85%. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts predict that BancFirst Co. will post 5.36 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.72 annualized dividend and a yield of 1.93%. BancFirst’s dividend payout ratio is presently 28.10%.

Insider Activity at BancFirst

In other BancFirst news, EVP Kevin Lawrence sold 7,312 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $88.00, for a total transaction of $643,456.00. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $880,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BancFirst news, EVP Dennis Jay Hannah sold 4,000 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $88.45, for a total transaction of $353,800.00. Following the sale, the executive vice president now directly owns 28,714 shares of the company’s stock, valued at $2,539,753.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kevin Lawrence sold 7,312 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.00, for a total transaction of $643,456.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at $880,000. The disclosure for this sale can be found here. Insiders have sold 19,000 shares of company stock valued at $1,678,510 over the last ninety days. Corporate insiders own 33.89% of the company’s stock.

Institutional Trading of BancFirst

A number of large investors have recently modified their holdings of the company. Diversified Trust Co increased its holdings in shares of BancFirst by 25.2% in the 1st quarter. Diversified Trust Co now owns 4,844 shares of the bank’s stock worth $426,000 after acquiring an additional 975 shares during the period. BancFirst Trust & Investment Management increased 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 period. Goldman Sachs Group Inc. increased its holdings in shares of BancFirst by 1.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 159,864 shares of the bank’s stock worth $15,560,000 after acquiring an additional 2,428 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of BancFirst by 6.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,328 shares of the bank’s stock worth $811,000 after acquiring an additional 481 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of BancFirst by 117.8% in the 4th quarter. GSA Capital Partners LLP now owns 6,385 shares of the bank’s stock worth $621,000 after acquiring an additional 3,454 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

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.