Full Sail Capital LLC Sells 1,000 Shares of BancFirst Co. (NASDAQ:BANF)

Full Sail Capital LLC decreased its holdings in BancFirst Co. (NASDAQ:BANF) by 4.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,930 shares of the bank’s stock after selling 1,000 shares during the quarter. Full Sail Capital LLC’s holdings in BancFirst were worth $1,923,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its stake in BancFirst by 557.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock worth $45,000 after buying an additional 429 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after purchasing an additional 305 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of BancFirst during the second quarter worth $77,000. Transcendent Capital Group LLC acquired a new position in shares of BancFirst during the first quarter worth $105,000. Finally, SG Americas Securities LLC acquired a new position in shares of BancFirst during the first quarter worth $137,000. Institutional investors own 51.72% of the company’s stock.

Insider Activity at BancFirst

In related news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $107.50, for a total value of $537,500.00. Following the transaction, the director now directly owns 326,904 shares of the company’s stock, valued at approximately $35,142,180. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other BancFirst news, Director William Scott Martin sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $107.50, for a total value of $537,500.00. Following the sale, the director now directly owns 326,904 shares of the company’s stock, valued at $35,142,180. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dave R. Lopez sold 1,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $102.13, for a total transaction of $102,130.00. The disclosure for this sale can be found here. Insiders have sold a total of 67,564 shares of company stock valued at $7,150,517 in the last ninety days. Company insiders own 33.89% of the company’s stock.

BancFirst Price Performance

NASDAQ BANF opened at $104.54 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The stock’s fifty day moving average price is $104.23 and its 200 day moving average price is $93.37. BancFirst Co. has a 1 year low of $79.99 and a 1 year high of $111.00. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 17.08 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.09. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. The firm had revenue of $153.84 million for the quarter, compared to the consensus estimate of $149.75 million. As a group, equities research analysts forecast that BancFirst Co. will post 6.07 earnings per share for the current year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.76%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. BancFirst’s dividend payout ratio is presently 30.07%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BANF shares. Piper Sandler upped their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

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.