Insider Selling: Wayne E. Cardwell Sells 1,000 Shares of BancFirst Stock (BANF)
BancFirst (NASDAQ:BANF) Insider Wayne E. Cardwell sold 1,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $64.06, for a total value of $64,060.00. Following the completion of the transaction, the insider now directly owns 6,100 shares of the company’s stock, valued at approximately $390,766. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of BancFirst from $59.00 to $61.00 in a research note on Monday, July 21st. They now have a “market perform” rating on the stock.
BancFirst (NASDAQ:BANF) remained flat at $64.10 during trading on Wednesday. The stock had a trading volume of 1,394 shares. BancFirst has a one year low of $50.62 and a one year high of $64.70. The stock’s 50-day moving average is $61.42 and its 200-day moving average is $59.22. The company has a market cap of $988.6 million and a price-to-earnings ratio of 17.47.
BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 17th. The company reported $0.92 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.05. During the same quarter last year, the company posted $0.81 earnings per share. Analysts expect that BancFirst will post $3.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from BancFirst’s previous quarterly dividend of $0.31.
BancFirst Corporation is financial holding company and a bank holding company. The Company conducts all of its operating activities through its principal wholly owned subsidiary, BancFirst (NASDAQ:BANF), a state-chartered bank in Oklahoma City, Oklahoma.
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