Insider Selling Activity at BancFirst Co.

BancFirst Co. (NASDAQ:BANF - Get Free Report) has recently seen a notable insider transaction. On January 29th, Director F Ford Drummond sold 5,000 shares of the company's stock. These shares were sold at an average price of $117.97, resulting in a total transaction value of $589,850.00. After this sale, Drummond now holds 6,000 shares in BancFirst, which is valued at approximately $707,820. This sale represents a 45.45% reduction in his holdings of the company's stock. This transaction was reported in a filing with the Securities and Exchange Commission (SEC), and the details can be accessed on their website.

Stock Performance Overview

During trading on the day of the sale, BANF stock saw a decrease of $1.20, closing at $118.15. Trading volume for the day was 142,839 shares, compared to the average volume of 118,591 shares. BancFirst's market capitalization stands at $3.91 billion, with a price-to-earnings (PE) ratio of 19.00 and a beta of 1.06. The current quick ratio and current ratio are both at 0.98, with a low debt-to-equity ratio of 0.05. Over the past year, the stock has fluctuated between a low of $81.21 and a high of $132.29. As for moving averages, the fifty-day average is $121.39, and the two-hundred day average is $112.07.

Quarterly Earnings Report

BancFirst's most recent quarterly earnings report was released on January 23rd. The bank reported earnings per share (EPS) of $1.68, outperforming the consensus estimate of $1.61 by $0.07. BancFirst recorded a return on equity of 13.92% and a net margin of 23.52%. Analysts project that the bank will achieve an EPS of 6.37 for the current fiscal year.

Recent Dividend Declaration

The bank has also recently announced a quarterly dividend. This dividend, amounting to $0.46 per share, was paid to shareholders on January 15th. The ex-dividend date was December 31st. This dividend signifies an annualized payout of $1.84, yielding a dividend yield of 1.56%. BancFirst’s dividend payout ratio is currently 29.58%.

Analyst Recommendations

Several analysts have provided updates regarding BancFirst. StockNews.com downgraded BancFirst from a “hold” to a “sell” rating on January 24th. On the other hand, Keefe, Bruyette & Woods increased their price target from $117.00 to $135.00 while maintaining a “market perform” rating. Similarly, DA Davidson raised their target price from $104.00 to $110.00, issuing a “neutral” rating.

Institutional Investment Trends

Recent activities from institutional investors include various transactions involving BancFirst shares. For example, during the third quarter, Whittier Trust Co. of Nevada Inc. added a new stake valued at about $38,000. Blue Trust Inc. raised their shares in BancFirst by 33.9% in the third quarter, taking their total to 391 shares valued at $41,000 after acquiring an additional 99 shares. Also, Point72 DIFC Ltd has acquired a new stake worth approximately $77,000 during the second quarter. Overall, institutional investors and hedge funds hold 51.72% of BancFirst's stock.

Company Overview

BancFirst Corporation functions as the bank holding company for BancFirst, which offers a variety of commercial banking services to retail clients and small to medium enterprises. The company operates through different segments, including BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and other financial services.

BancFirst, Stock, Transaction, Earnings, Dividend