BancFirst Co. (BANF) Major Shareholder Banking Ltd Ptnrshp R Sells 44,590 Shares

BancFirst Co. (NASDAQ:BANF) major shareholder Banking Ltd Ptnrshp R sold 44,590 shares of BancFirst stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $56.03, for a total value of $2,498,377.70. Following the transaction, the insider now owns 10,902,651 shares in the company, valued at $610,875,535.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Banking Ltd Ptnrshp R also recently made the following trade(s):

  • On Friday, January 19th, Banking Ltd Ptnrshp R sold 38,518 shares of BancFirst stock. The shares were sold at an average price of $56.06, for a total value of $2,159,319.08.
  • On Monday, December 18th, Banking Ltd Ptnrshp R sold 3,541 shares of BancFirst stock. The shares were sold at an average price of $56.00, for a total value of $198,296.00.
  • On Tuesday, December 5th, Banking Ltd Ptnrshp R sold 10,700 shares of BancFirst stock. The shares were sold at an average price of $56.38, for a total value of $603,266.00.

BancFirst Co. (NASDAQ BANF) traded down $0.05 during midday trading on Tuesday, reaching $55.95. The company had a trading volume of 144,100 shares, compared to its average volume of 75,257. The stock has a market capitalization of $1,780.00, a P/E ratio of 21.11, a PEG ratio of 1.79 and a beta of 0.55. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.04. BancFirst Co. has a 12 month low of $42.50 and a 12 month high of $61.05.

BancFirst (NASDAQ:BANF) last released its earnings results on Friday, January 19th. The bank reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.04). The company had revenue of $91.53 million for the quarter, compared to analysts’ expectations of $86.53 million. BancFirst had a net margin of 24.35% and a return on equity of 11.83%. sell-side analysts anticipate that BancFirst Co. will post 3.14 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a $0.21 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.50%. BancFirst’s payout ratio is 31.70%.

Several institutional investors have recently made changes to their positions in BANF. Schwab Charles Investment Management Inc. lifted its position in shares of BancFirst by 3.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 56,703 shares of the bank’s stock valued at $5,478,000 after acquiring an additional 2,071 shares in the last quarter. Legal & General Group Plc lifted its position in shares of BancFirst by 58.2% in the second quarter. Legal & General Group Plc now owns 2,946 shares of the bank’s stock valued at $286,000 after acquiring an additional 1,084 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of BancFirst by 336.5% in the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock valued at $127,000 after acquiring an additional 1,013 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of BancFirst by 58.9% in the second quarter. Principal Financial Group Inc. now owns 4,112 shares of the bank’s stock valued at $397,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of BancFirst by 24.9% in the second quarter. Swiss National Bank now owns 14,559 shares of the bank’s stock valued at $1,406,000 after acquiring an additional 2,900 shares in the last quarter. Institutional investors and hedge funds own 33.10% of the company’s stock.

Several equities analysts recently weighed in on the company. BidaskClub upgraded BancFirst from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating and set a $60.00 target price on the stock in a research report on Monday, January 1st.

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About BancFirst

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.

Insider Buying and Selling by Quarter for BancFirst (NASDAQ:BANF)

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