Engility Holdings Inc. (EGL) Had Two Top Executives Purchase Shares; EV Energy Partners L.P. (EVEP) and BancFirst Corporation (BANF) Witness Insider Buying

BancFirst Corporation (NASDAQ:BANF) is another company that had an influential insider make a relatively sizable purchase this week. H. E. Rainbolt, Chairman of the company’s Board of Directors, purchased 1,000 shares on Monday for $57.01 each, after offering 100 shares as a bona-fide gift on the same day. Following the recent transactions, Mr. Rainbolt holds a direct ownership stake of 1,053 shares. The Chairman also holds an indirect ownership stake of 56,249 shares, which is held through an employee stock ownership plan (ESOP). BancFirst Corporation is an Oklahoma business corporation and financial holding company that conducts its operating activities through BancFirst, an Oklahoma-based state-chartered bank.

The company’s net income for 2015 reached $66.2 million, or $4.17 per diluted share, which increased from $63.9 million, or $4.04 per diluted share, in 2014 and $54.3 million, or $3.49, in 2013. What’s more, BancFirst’s 2015 net interest income increased to $188.8 million from $181.4 million in 2014 and $163.5 million in 2013, mainly due to internal loan growth and acquired loans from acquisitions. It appears that the bank’s liquidity continues to be relatively high, considering that the company’s average loan-to-deposit ratio was 67.3% for 2015. Nonetheless, some may have the feeling that the bank’s liquidity has been worsening in recent years if bearing in mind that the loan-to-deposit ratio was 63.6% for 2014 and $62.7% for 2013. Moreover, the bank’s asset quality remained strong, though the share nonperforming and restructured assets of total assets increased to 0.83% at the end of 2015 from 0.64% at the end of the prior year. Shares of BancFirst are 4% in the red year-to-date and trade around 12.6-times expected earnings, versus the forward P/E of 11.2 for the Regional Banks sector. Israel Englander’s Millennium Management had 112,377 shares of BancFirst Corporation (NASDAQ:BANF) in its equity portfolio at the end of 2015.

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