BancFirst Co. (NASDAQ:BANF) EVP Sells $610,300.00 in Stock

BancFirst Co. (NASDAQ:BANF) EVP Darryl Schmidt sold 5,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total transaction of $610,300.00. Following the completion of the sale, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at $5,317,421.84. This represents a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BancFirst Stock Performance

Shares of BancFirst stock opened at $118.77 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $3.93 billion, a PE ratio of 18.44 and a beta of 1.05. The company has a 50 day moving average of $120.03 and a 200-day moving average of $113.28. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share 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%. As a group, equities research analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in shares of BancFirst by 155.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after purchasing an additional 191 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in BancFirst in the third quarter valued at approximately $38,000. Blue Trust Inc. boosted its position in BancFirst by 33.9% in the third 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 grew its stake in shares of BancFirst by 11.5% during the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after buying an additional 89 shares during the last quarter. Finally, nVerses Capital LLC acquired a new position in shares of BancFirst during the third quarter worth $105,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price target on BancFirst from $117.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. DA Davidson lifted their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Finally, StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

BancFirst Company Profile

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.