Insider Buying: BancFirst Co. (NASDAQ:BANF) Director Buys $106,000.00 in Stock
BancFirst Co. (NASDAQ:BANF) Director Ronald J. Norick acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $53.00 per share, for a total transaction of $106,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.
NASDAQ:BANF opened at $54.08 on Thursday. The company has a market cap of $1.78 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.95 and a beta of 0.83. The stock’s fifty day moving average price is $56.07 and its two-hundred day moving average price is $55.47. BancFirst Co. has a 1 year low of $48.07 and a 1 year high of $65.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.04 and a quick ratio of 1.04.
BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 18th. The bank reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.09. The firm had revenue of $102.87 million for the quarter, compared to the consensus estimate of $99.79 million. BancFirst had a return on equity of 14.34% and a net margin of 29.12%. On average, analysts expect that BancFirst Co. will post 3.99 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of BANF. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of BancFirst during the first quarter worth $34,000. Quantamental Technologies LLC purchased a new stake in shares of BancFirst during the second quarter worth $47,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of BancFirst by 77.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,043 shares of the bank’s stock worth $54,000 after acquiring an additional 456 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of BancFirst during the second quarter worth $78,000. Finally, Bank of Montreal Can purchased a new stake in shares of BancFirst during the second quarter worth $87,000. Hedge funds and other institutional investors own 33.65% of the company’s stock.
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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.
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