BancFirst (NASDAQ:BANF) Shares Gap Down Following Insider Selling

BancFirst Co. (NASDAQ:BANF)’s share price gapped down prior to trading on Wednesday following insider selling activity. The stock had previously closed at $92.36, but opened at $90.00. BancFirst shares last traded at $91.80, with a volume of 11,354 shares.

Specifically, EVP Dennis Jay Hannah sold 300 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total value of $27,618.00. Following the transaction, the executive vice president now owns 18,414 shares in the company, valued at $1,695,192.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other BancFirst news, EVP Dennis Jay Hannah sold 300 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $92.06, for a total transaction of $27,618.00. Following the sale, the executive vice president now owns 18,414 shares in the company, valued at $1,695,192.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kevin Lawrence sold 1,529 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $88.00, for a total value of $134,552.00. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at approximately $880,000. The disclosure for this sale can be found here. Insiders sold a total of 19,300 shares of company stock valued at $1,706,128 over the last three months. Corporate insiders own 33.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on BancFirst from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th.

BancFirst Stock Down 2.5 %

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06. The company has a market cap of $2.94 billion, a PE ratio of 14.59 and a beta of 1.09. The stock has a 50-day moving average of $86.74 and a 200-day moving average of $88.21.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.93%. BancFirst’s dividend payout ratio is presently 28.10%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BancFirst Trust & Investment Management increased its stake in BancFirst by 4.2% in the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock valued at $99,246,000 after acquiring an additional 45,629 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in BancFirst by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock valued at $93,748,000 after acquiring an additional 9,751 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in BancFirst by 11.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock valued at $21,400,000 after acquiring an additional 25,541 shares during the last quarter. Norges Bank bought a new position in BancFirst in the fourth quarter valued at $23,802,000. Finally, Charles Schwab Investment Management Inc. increased its stake in BancFirst by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock valued at $16,503,000 after acquiring an additional 12,457 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.