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 stock was sold at an average price of $122.06, for a total transaction of $610,300.00. Following the sale, the executive vice president now owns 43,564 shares in the company, valued at $5,317,421.84. This trade represents a 10.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BancFirst Stock Up 1.0 %

BANF stock opened at $119.95 on Friday. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The company’s 50 day moving average price is $119.87 and its 200 day moving average price is $113.33. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.63 and a beta of 1.05.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. On average, equities research analysts anticipate that BancFirst Co. will post 6.52 EPS for the current fiscal 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 dividend of $0.46 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. BancFirst’s dividend payout ratio is currently 28.57%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in BancFirst by 155.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock valued at $38,000 after purchasing an additional 191 shares in the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst during the 3rd quarter worth approximately $38,000. Blue Trust Inc. boosted its holdings in shares of 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. Sterling Capital Management LLC grew its position in shares of BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank’s stock valued at $65,000 after buying an additional 491 shares during the last quarter. Finally, AlphaQuest LLC raised its stake in BancFirst by 11.5% during the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

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

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.