In a current transaction filed with the Securities and Alternate Fee, Martin William Scott, a director at BancFirst Corp (NASDAQ:), bought 24,607 shares of the corporate’s frequent inventory. The shares had been bought at a median value of $124.6995, leading to a complete transaction worth of roughly $3.07 million. Following this sale, Scott holds 224,499 shares not directly via The William Scott Martin Belief. This transaction was executed on November 21, 2024, as a part of his ongoing administration of his funding portfolio.
In different current information, BancFirst Company introduced a quarterly money dividend of $0.46 per share on its frequent inventory. Notably, the corporate additionally disclosed plans for a quarterly curiosity cost on $26.8 million of its 7.20% Junior Subordinated Debentures, that are tied to the belief most well-liked securities issued by BFC Capital Belief II, a subsidiary of BancFirst Company. The funds from this curiosity cost shall be used to pay a dividend of $0.45 per share on the belief most well-liked securities.
In a transfer to strengthen its board’s experience, BancFirst Company has welcomed Kim Ingram, CEO of Kelly Jewelers, as a brand new member of its Board of Administrators. On the analyst entrance, Piper Sandler has raised BancFirst’s earnings per share estimates for 2024 and 2025, regardless of sustaining an Underweight ranking on the corporate. This adjustment adopted BancFirst’s robust profitability in current quarters. Nonetheless, Piper Sandler expressed uncertainty relating to BancFirst’s plans for deploying extra capital, significantly within the context of mergers and acquisitions. These are a number of the current developments surrounding BancFirst Company.
InvestingPro Insights
BancFirst Corp (NASDAQ:BANF) has been demonstrating robust monetary efficiency and shareholder worth, as evidenced by current knowledge from InvestingPro. The corporate’s inventory has proven spectacular returns, with a 21.04% value complete return over the previous three months and a considerable 36.75% return over the past six months. This optimistic momentum aligns with the current insider sale by director Martin William Scott.
InvestingPro Suggestions spotlight that BancFirst has raised its dividend for 26 consecutive years, showcasing a dedication to returning worth to shareholders. This constant dividend progress, coupled with a present dividend yield of 1.5%, could also be enticing to income-focused buyers. Moreover, the corporate’s profitability is underscored by its working revenue margin of 47.3% for the final twelve months as of Q3 2024.
It is value noting that BancFirst’s P/E ratio stands at 19.46, which buyers might need to think about within the context of the banking sector’s valuations. The corporate’s market capitalization of $4.09 billion displays its important presence within the regional banking panorama.
For these excited about a deeper evaluation, InvestingPro gives 11 extra ideas for BancFirst, offering a extra complete view of the corporate’s monetary well being and market place.
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