Dennis Jay Hannah Sells 204 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) EVP Dennis Jay Hannah sold 204 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $92.38, for a total transaction of $18,845.52. Following the completion of the sale, the executive vice president now directly owns 16,210 shares in the company, valued at $1,497,479.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Dennis Jay Hannah also recently made the following trade(s):

• On Wednesday, April 24th, Dennis Jay Hannah sold 300 shares of BancFirst stock. The shares were sold at an average price of $92.06, for a total transaction of $27,618.00.
• On Thursday, February 15th, Dennis Jay Hannah sold 1,000 shares of BancFirst stock. The shares were sold at an average price of $90.07, for a total transaction of $90,070.00.
• On Monday, February 12th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The shares were sold at an average price of $88.66, for a total transaction of $354,640.00.
• On Friday, February 9th, Dennis Jay Hannah sold 4,000 shares of BancFirst stock. The shares were sold at an average price of $88.45, for a total transaction of $353,800.00.

BancFirst Price Performance

NASDAQ:BANF traded down $0.25 during trading hours on Friday, reaching $91.62. 56,367 shares of the company were exchanged, compared to its average volume of 64,621. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The stock’s 50-day moving average is $86.82 and its 200-day moving average is $88.38. The firm has a market cap of $3.02 billion, a PE ratio of 15.01 and a beta of 1.07. BancFirst Co. has a twelve month low of $68.44 and a twelve month high of $104.00.

BancFirst Dividend Announcement

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

Institutional Investors Weigh In On BancFirst

A number of hedge funds have recently modified their holdings of the company. BancFirst Trust & Investment Management grew its holdings in shares of 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 purchasing an additional 45,629 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 9,751 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of 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 purchasing an additional 25,541 shares during the period. Norges Bank purchased a new stake in shares of BancFirst in the fourth quarter valued at about $23,802,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 purchasing an additional 12,457 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.