BancFirst Co. (NASDAQ:BANF) EVP Darryl Schmidt Sells 5,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF) EVP Darryl Schmidt sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the completion of the sale, the executive vice president now directly owns 43,564 shares in the company, valued at approximately $5,317,421.84. This represents a 10.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

BancFirst Stock Up 2.0 %

Shares of NASDAQ:BANF opened at $122.59 on Wednesday. The firm has a market cap of $4.06 billion, a P/E ratio of 19.04 and a beta of 1.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. The business has a fifty day simple moving average of $120.23 and a 200 day simple moving average of $113.25.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BANF. DA Davidson raised their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised their price objective on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BANF. Smartleaf Asset Management LLC increased its position in BancFirst by 155.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after buying an additional 191 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in BancFirst in the 3rd quarter valued at about $38,000. Blue Trust Inc. increased its position in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares in the last quarter. AlphaQuest LLC increased its position in BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock valued at $101,000 after buying an additional 89 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in BancFirst in the 3rd quarter valued at about $105,000. 51.72% of the stock is owned by institutional investors.

About BancFirst

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.