Kevin Lawrence Sells 10,000 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) 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 sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $900,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Kevin Lawrence also recently made the following trade(s):

• On Thursday, February 29th, Kevin Lawrence sold 1,159 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total transaction of $101,992.00.
• On Tuesday, February 27th, Kevin Lawrence sold 1,529 shares of BancFirst stock. The stock was sold at an average price of $88.00, for a total transaction of $134,552.00.
• On Friday, February 23rd, Kevin Lawrence sold 7,312 shares of BancFirst stock. The shares were sold at an average price of $88.00, for a total transaction of $643,456.00.

BancFirst Price Performance

Shares of BANF opened at $91.87 on Friday. BancFirst Co. has a 1-year low of $68.44 and a 1-year high of $104.00. The stock has a market cap of $3.03 billion, a PE ratio of 14.79 and a beta of 1.07. The firm has a 50-day simple moving average of $86.74 and a two-hundred day simple moving average of $88.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Wednesday, March 27th. BancFirst’s dividend payout ratio (DPR) is currently 28.10%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in shares of BancFirst in the fourth quarter valued at approximately $8,818,000. Illinois Municipal Retirement Fund acquired a new position in shares of BancFirst in the third quarter valued at approximately $909,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of BancFirst in the third quarter valued at approximately $1,242,000. Tectonic Advisors LLC grew its holdings in shares of BancFirst by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 9,114 shares of the bank’s stock valued at $887,000 after purchasing an additional 1,118 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in shares of BancFirst by 4.0% in the fourth quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock valued at $377,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

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