Significant Insider Selling Continues at BancFirst (BANF)

Monday, January 22, 2018 10:15 PM ET

Significant Insider Selling Continues at BancFirst (BANF)

There was a notable sale of shares of BancFirst by an insider today, as revealed in a form 4 document filed with the SEC. One insider — R Banking Limited Partnership, 10% Owner — disposed of 38,518 shares in the company having a market value of approximately $2,159,215. There have been 2 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 500 company shares and the sale of 14,241 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 52,259 shares and have averaged 17,753 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at BancFirst is greater than its 344-company peer group average. The Banks peer group saw 381 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by BancFirst insiders is lower than its peers. Within the peer group there were 191,235 shares purchased and 14,223,189 shares sold with company insiders disposing of 36,829 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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