Insider Selling: BancFirst Corporation (BANF) Director Sells 1,960 Shares of Stock
BancFirst Corporation (NASDAQ:BANF) Director William H. Crawford sold 1,960 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $50.74, for a total transaction of $99,450.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of BancFirst Corporation (NASDAQ:BANF) traded up 0.10% on Tuesday, hitting $50.90. 1,245 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $54.98 and its 200 day moving average price is $84.22. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 20.06 and a beta of 0.54. BancFirst Corporation has a 12-month low of $32.76 and a 12-month high of $57.90.
BancFirst Corporation (NASDAQ:BANF) last released its earnings results on Thursday, July 20th. The bank reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.13. BancFirst Corporation had a net margin of 23.91% and a return on equity of 11.35%. The company had revenue of $84.42 million during the quarter, compared to analysts’ expectations of $81.12 million. On average, equities analysts predict that BancFirst Corporation will post $2.80 earnings per share for the current fiscal year.
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Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in BancFirst Corporation by 1.3% in the second quarter. Vanguard Group Inc. now owns 803,896 shares of the bank’s stock valued at $77,657,000 after buying an additional 10,658 shares during the period. Dimensional Fund Advisors LP boosted its stake in BancFirst Corporation by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 552,464 shares of the bank’s stock valued at $53,369,000 after buying an additional 11,910 shares during the period. Northern Trust Corp boosted its stake in BancFirst Corporation by 1.8% in the second quarter. Northern Trust Corp now owns 255,910 shares of the bank’s stock valued at $24,719,000 after buying an additional 4,482 shares during the period. Janus Henderson Group PLC purchased a new stake in BancFirst Corporation during the second quarter valued at approximately $22,854,000. Finally, State Street Corp boosted its stake in BancFirst Corporation by 9.8% in the second quarter. State Street Corp now owns 158,757 shares of the bank’s stock valued at $15,336,000 after buying an additional 14,134 shares during the period. Institutional investors own 16.92% of the company’s stock.
A number of brokerages have weighed in on BANF. BidaskClub upgraded shares of BancFirst Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. ValuEngine upgraded shares of BancFirst Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd.
About BancFirst Corporation
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.
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