BancFirst Co. (NASDAQ:BANF) Short Interest Declines in November

BancFirst Co. (NASDAQ:BANF) experienced a notable drop in short interest in November. As of November 15th, the total short interest stood at 495,100 shares, reflecting a decrease of 12.2% from the 563,800 shares reported on October 31st. This means that about 2.4% of BancFirst's total shares are currently sold short. With the average trading volume recorded at 120,100 shares, the days-to-cover ratio is estimated to be 4.1 days.

Insider Trading Activities

In related news, on November 21st, Director William Scott Martin sold 24,607 shares of BancFirst at an average price of $124.70, culminating in a total transaction value of approximately $3,068,492.90. After this sale, Martin's ownership in the company decreased by about 9.88%, leaving him with 224,499 shares valued at around $27,995,025.30. This sale has been disclosed in filings with the Securities and Exchange Commission, which can be viewed on their website. Furthermore, Director David E. Rainbolt sold 1,414 shares on September 3rd for an average price of $105.58, totaling $149,290.12. Rainbolt now owns 223,402 shares, valued at $23,586,783.16, indicating a decrease of 0.63% in his ownership. Over the past 90 days, insiders have sold 160,468 shares worth about $18,656,436, and 33.89% of BancFirst's stock is held by insiders.

Investment Movements

Recent trading activities have also involved various institutional investors and hedge funds buying and selling shares of BancFirst. Whittier Trust Co. of Nevada Inc. acquired a new position in BancFirst during the third quarter valued at approximately $38,000. Blue Trust Inc. increased its stake in BancFirst by 33.9%, now holding 391 shares valued at $41,000 after purchasing 99 additional shares. Benjamin F. Edwards & Company Inc. raised its shareholding by 64.8% during the second quarter, totaling 834 shares worth $73,000 after acquiring 328 shares. Additionally, Point72 DIFC Ltd entered a new position in BancFirst valued at $77,000 in the second quarter, while nVerses Capital LLC obtained a new stake worth $105,000 in the third quarter. Institutional investors collectively own about 51.72% of BancFirst's stock.

Current Stock Performance

As of Friday, BancFirst's shares on NASDAQ are trading at $126.28. The stock has shown a 50-day moving average of $113.38 and a 200-day moving average of $101.78. The company has a current ratio of 0.98, a quick ratio of 0.98, and a low debt-to-equity ratio of 0.05. Over the past year, BancFirst's stock has shifted between a low of $81.21 and a high of $132.29, with a current market cap of $4.18 billion, a price-to-earnings (P/E) ratio of 20.30, and a beta of 1.02.

BancFirst last released its quarterly earnings report on October 17th, revealing an earnings per share (EPS) of $1.75, surpassing the analyst expectation of $1.57 by $0.18. The company's revenue for the quarter was $163.67 million, also exceeding the forecast of $156.70 million. BancFirst achieved a return on equity of 13.92% with a net profit margin of 23.52%. Analysts predict that for the current year, BancFirst will record an EPS of 6.37.

Dividend Information

Recently, BancFirst announced a quarterly dividend of $0.46 per share, scheduled for payment on January 15th to shareholders of record as of December 31st. The ex-dividend date is set for December 31st. This dividend translates to an annualized payment of $1.84, yielding 1.46%. Currently, BancFirst's dividend payout ratio stands at 29.58%.

Analyst Ratings

A number of research analysts have recently provided their insights on BancFirst's stock. On October 21st, DA Davidson raised its price target on BancFirst from $104.00 to $110.00, assigning it a "neutral" rating. StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating on November 7th.

View Our Latest Report on BancFirst

BancFirst Company Overview

BancFirst Corporation serves as the holding company for BancFirst, offering commercial banking services to retail customers and small to mid-sized businesses. The bank operates through various segments, including BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services.

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BancFirst, Stock, Short