Dennis L. Brand Acquires 2,000 Shares of BancFirst Co. (BANF) Stock
BancFirst Co. (NASDAQ:BANF) CEO Dennis L. Brand bought 2,000 shares of the stock in a transaction that occurred on Wednesday, January 20th. The shares were bought at an average cost of $53.05 per share, with a total value of $106,100.00. Following the completion of the purchase, the chief executive officer now directly owns 14,500 shares in the company, valued at $769,225. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 15th. Shareholders of record on Thursday, December 31st were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Tuesday, December 29th.
Shares of BancFirst Co. (NASDAQ:BANF) opened at 53.33 on Monday. The firm’s 50-day moving average price is $57.71 and its 200-day moving average price is $61.76. BancFirst Co. has a one year low of $52.52 and a one year high of $69.24. The stock has a market capitalization of $831.79 million and a P/E ratio of 12.79.
BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, January 21st. The company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by $0.02. Equities research analysts anticipate that BancFirst Co. will post $4.19 EPS for the current fiscal year.
A hedge fund recently raised its stake in BancFirst stock. Creative Planning raised its position in BancFirst Co. (NASDAQ:BANF) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 4,526 shares of the company’s stock after buying an additional 26 shares during the period. Creative Planning’s holdings in BancFirst were worth $265,000 at the end of the most recent quarter.
BANF has been the subject of several analyst reports. Zacks Investment Research raised BancFirst from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Monday, October 19th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $65.00 target price (down from $67.00) on shares of BancFirst in a research note on Monday, October 19th.
BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal wholly owned subsidiary, BancFirst (NASDAQ:BANF), a state-chartered bank. The Bank provides retail and commercial banking services, including commercial, real estate, agricultural and consumer lending; depository and funds transfer services; collections; safe deposit boxes; cash management services; retail brokerage services, and other services tailored for both individual and corporate customers. The Bank also offers trust services and acts as executor, administrator, trustee, transfer agent and in various other fiduciary capacities. Through its Technology and Operations Center, the Bank provides item processing, research and other correspondent banking services to financial institutions and governmental units. The Company has four principal business units: metropolitan banks, community banks, other financial services and executive operations and support.
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