BancFirst Co. (NASDAQ:BANF) insider Kevin Lawrence sold 1,250 shares of the company’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $64.00, for a total value of $80,000.00. Following the sale, the insider now owns 1,250 shares in the company, valued at approximately $80,000. The sale was disclosed in a filing with the SEC, which is available through this link.
Kevin Lawrence also recently made the following trade(s):
- On Monday, July 23rd, Kevin Lawrence sold 5,000 shares of BancFirst stock. The shares were sold at an average price of $64.00, for a total value of $320,000.00.
Shares of BancFirst stock traded down $0.25 on Friday, hitting $63.25. 31,276 shares of the company’s stock traded hands, compared to its average volume of 25,038. BancFirst Co. has a one year low of $48.60 and a one year high of $65.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 1.73 and a beta of 0.67.
BancFirst (NASDAQ:BANF) last announced its earnings results on Friday, July 20th. The bank reported $0.91 EPS for the quarter, beating the consensus estimate of $0.85 by $0.06. BancFirst had a return on equity of 13.04% and a net margin of 25.59%. The company had revenue of $95.32 million for the quarter, compared to analyst estimates of $94.26 million. sell-side analysts expect that BancFirst Co. will post 3.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.30 per share. This is a positive change from BancFirst’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, September 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.90%. BancFirst’s dividend payout ratio is presently 30.88%.
Several equities research analysts recently commented on BANF shares. BidaskClub upgraded BancFirst from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 7th. Zacks Investment Research lowered BancFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th.
A number of large investors have recently made changes to their positions in the business. California Public Employees Retirement System boosted its holdings in BancFirst by 131.8% in the second quarter. California Public Employees Retirement System now owns 28,857 shares of the bank’s stock worth $1,708,000 after acquiring an additional 16,407 shares in the last quarter. Millennium Management LLC boosted its holdings in BancFirst by 8.3% in the second quarter. Millennium Management LLC now owns 198,852 shares of the bank’s stock worth $11,772,000 after acquiring an additional 15,208 shares in the last quarter. Zebra Capital Management LLC boosted its holdings in BancFirst by 17.0% in the second quarter. Zebra Capital Management LLC now owns 10,721 shares of the bank’s stock worth $635,000 after acquiring an additional 1,555 shares in the last quarter. MetLife Investment Advisors LLC boosted its holdings in BancFirst by 17.5% in the second quarter. MetLife Investment Advisors LLC now owns 8,433 shares of the bank’s stock worth $499,000 after acquiring an additional 1,255 shares in the last quarter. Finally, Zacks Investment Management boosted its holdings in BancFirst by 12.4% in the second quarter. Zacks Investment Management now owns 83,647 shares of the bank’s stock worth $4,952,000 after acquiring an additional 9,231 shares in the last quarter. Institutional investors and hedge funds own 33.38% 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. It operates through Metropolitan Banks, Community Banks, 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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