BancFirst Co. (NASDAQ:BANF) Short Interest Up 5.7% in June

BancFirst Co. (NASDAQ:BANFGet Free Report) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 361,700 shares, a growth of 5.7% from the May 31st total of 342,100 shares. Based on an average daily volume of 65,400 shares, the short-interest ratio is currently 5.5 days. Approximately 1.8% of the company’s stock are short sold.

Insider Transactions at BancFirst

In other news, EVP Kevin Lawrence sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $900,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Dennis Jay Hannah sold 5,496 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $92.23, for a total value of $506,896.08. Following the transaction, the executive vice president now directly owns 10,714 shares of the company’s stock, valued at approximately $988,152.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin Lawrence sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $900,000. The disclosure for this sale can be found here. Insiders sold 16,000 shares of company stock valued at $1,453,360 in the last three months. Corporate insiders own 33.89% of the company’s stock.

Institutional Trading of BancFirst

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in BancFirst in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC acquired a new stake in BancFirst in the 1st quarter valued at approximately $35,000. Benjamin F. Edwards & Company Inc. grew its holdings in BancFirst by 557.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after buying an additional 429 shares during the last quarter. EntryPoint Capital LLC grew its holdings in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after buying an additional 305 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in BancFirst in the 1st quarter valued at approximately $105,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

BancFirst Stock Down 1.4 %

Shares of BANF stock opened at $86.60 on Friday. The stock’s 50 day simple moving average is $87.32 and its 200 day simple moving average is $88.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. BancFirst has a twelve month low of $79.99 and a twelve month high of $104.00. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 14.15 and a beta of 1.04.

BancFirst (NASDAQ:BANFGet Free Report) last issued its quarterly earnings data on Thursday, April 18th. The bank reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. BancFirst had a return on equity of 14.62% and a net margin of 24.65%. The business had revenue of $151.00 million for the quarter, compared to the consensus estimate of $147.75 million. As a group, research analysts predict that BancFirst will post 5.8 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Friday, June 28th. BancFirst’s dividend payout ratio (DPR) is currently 28.10%.

About BancFirst

(Get Free Report)

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.

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