Insider Selling: David Seat Sells 2,600 Shares of BancFirst Stock (BANF)
BancFirst (NASDAQ:BANF) Insider David Seat sold 2,600 shares of BancFirst stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $64.50, for a total value of $167,700.00. Following the sale, the insider now directly owns 10,650 shares of the company’s stock, valued at approximately $686,925. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
BancFirst (NASDAQ:BANF) traded up 0.06% during mid-day trading on Thursday, hitting $64.16. 12,853 shares of the company’s stock traded hands. BancFirst has a 1-year low of $50.62 and a 1-year high of $64.70. The stock’s 50-day moving average is $61.51 and its 200-day moving average is $59.26. The company has a market cap of $989.5 million and a price-to-earnings ratio of 17.47.
BancFirst (NASDAQ:BANF) last released its earnings data 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. On average, analysts predict that BancFirst will post $3.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, September 26th. This is an increase from BancFirst’s previous quarterly dividend of $0.31.
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 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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