BancFirst (NASDAQ:BANF) Shares Gap Down to $92.36

BancFirst Co. (NASDAQ:BANF) gapped down prior to trading on Wednesday . 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 changing hands.

Wall Street Analysts Forecast Growth

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

BancFirst Stock Performance

The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 15.09 and a beta of 1.09. 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 stock has a 50-day moving average price of $86.65 and a 200 day moving average price of $88.18.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, March 27th. BancFirst’s dividend payout ratio is presently 28.10%.

Insider Transactions at BancFirst

In related news, EVP Dennis Jay Hannah sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $88.66, for a total transaction of $354,640.00. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at $2,191,143.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Dennis Jay Hannah sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $88.66, for a total transaction of $354,640.00. Following the completion of the sale, the executive vice president now owns 24,714 shares in the company, valued at $2,191,143.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kevin Lawrence sold 1,159 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $88.00, for a total value of $101,992.00. Following the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $880,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,000 shares of company stock valued at $1,678,510. 33.89% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BancFirst

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC purchased a new stake in BancFirst in the fourth quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new position in shares of BancFirst in the first quarter valued at approximately $35,000. Covestor Ltd increased its holdings in shares of BancFirst by 13.9% in the third quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock valued at $108,000 after purchasing an additional 153 shares during the period. National Bank of Canada FI acquired a new position in shares of BancFirst in the third quarter valued at approximately $140,000. Finally, D.A. Davidson & CO. acquired a new position in shares of BancFirst in the fourth quarter valued at approximately $216,000. Hedge funds and other 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.