Banking Ltd Ptnrshp R Sells 48,111 Shares of BancFirst Corp. (BANF) Stock
BancFirst Corp. (NASDAQ:BANF) major shareholder Banking Ltd Ptnrshp R sold 48,111 shares of the firm’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $81.97, for a total value of $3,943,658.67. Following the completion of the sale, the insider now owns 5,563,500 shares in the company, valued at $456,040,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Banking Ltd Ptnrshp R also recently made the following trade(s):
- On Friday, November 25th, Banking Ltd Ptnrshp R sold 31,593 shares of BancFirst Corp. stock. The shares were sold at an average price of $83.01, for a total value of $2,622,534.93.
- On Tuesday, November 22nd, Banking Ltd Ptnrshp R sold 26,400 shares of BancFirst Corp. stock. The shares were sold at an average price of $83.00, for a total value of $2,191,200.00.
Shares of BancFirst Corp. (NASDAQ:BANF) opened at 81.95 on Thursday. BancFirst Corp. has a 52-week low of $51.14 and a 52-week high of $85.00. The firm has a market cap of $1.29 billion, a PE ratio of 19.19 and a beta of 0.64. The stock’s 50 day moving average price is $75.49 and its 200-day moving average price is $67.79.
BancFirst Corp. (NASDAQ:BANF) last released its quarterly earnings data on Thursday, October 20th. The company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by $0.01. BancFirst Corp. had a return on equity of 10.08% and a net margin of 21.02%. On average, equities research analysts anticipate that BancFirst Corp. will post $4.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. BancFirst Corp.’s payout ratio is 35.60%.
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Separately, Zacks Investment Research upgraded BancFirst Corp. from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Tuesday, October 25th.
Several hedge funds have recently added to or reduced their stakes in BANF. First Trust Advisors LP increased its stake in BancFirst Corp. by 111.5% in the second quarter. First Trust Advisors LP now owns 31,624 shares of the company’s stock worth $1,908,000 after buying an additional 16,671 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in BancFirst Corp. during the second quarter worth approximately $468,000. Dean Investment Associates LLC increased its stake in BancFirst Corp. by 3.1% in the second quarter. Dean Investment Associates LLC now owns 30,550 shares of the company’s stock worth $1,843,000 after buying an additional 920 shares during the last quarter. California Public Employees Retirement System increased its stake in BancFirst Corp. by 6.3% in the second quarter. California Public Employees Retirement System now owns 11,800 shares of the company’s stock worth $712,000 after buying an additional 700 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in BancFirst Corp. during the second quarter worth approximately $1,775,000. Institutional investors and hedge funds own 30.70% of the company’s stock.
BancFirst Corp. Company Profile
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.
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