Insider Buying: BancFirst Co. (NASDAQ:BANF) EVP Buys 232 Shares of Stock

BancFirst Co. (NASDAQ:BANF) EVP Darryl Schmidt purchased 232 shares of BancFirst stock in a transaction that occurred on Monday, April 22nd. The stock was purchased at an average price of $89.71 per share, with a total value of $20,812.72. Following the completion of the purchase, the executive vice president now directly owns 48,939 shares in the company, valued at $4,390,317.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BancFirst Price Performance

Shares of BANF opened at $91.57 on Thursday. BancFirst Co. has a 12-month low of $68.44 and a 12-month high of $104.00. The business has a 50-day simple moving average of $86.65 and a two-hundred day simple moving average of $88.18. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.02 billion, a PE ratio of 14.96 and a beta of 1.09.

BancFirst Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.72 dividend on an annualized basis and a yield of 1.88%. BancFirst’s payout ratio is presently 28.10%.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price objective on BancFirst from $95.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, January 19th.

Hedge Funds Weigh In On BancFirst

A number of institutional investors and hedge funds have recently bought and sold shares of BANF. GAMMA Investing LLC acquired a new position in BancFirst in the 4th quarter worth about $25,000. Global Retirement Partners LLC acquired a new position in BancFirst in the 1st quarter worth about $35,000. Covestor Ltd increased its holdings in BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank’s stock worth $108,000 after purchasing an additional 153 shares in the last quarter. National Bank of Canada FI acquired a new stake in shares of BancFirst in the third quarter valued at about $140,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of BancFirst in the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

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.