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 that occurred 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 owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. This represents a 10.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BancFirst Price Performance

BancFirst stock opened at $119.95 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $119.87 and a 200-day simple moving average of $113.33. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The stock has a market capitalization of $3.97 billion, a PE 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 EPS for the quarter, topping 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%. Equities analysts predict that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.53%. BancFirst’s payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BANF shares. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. 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 research note on Wednesday, December 4th. Finally, DA Davidson increased their target price 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.

Hedge Funds Weigh In On BancFirst

Several institutional investors and hedge funds have recently added to or reduced their stakes in BANF. AlphaQuest LLC grew its holdings in BancFirst by 11.5% during the fourth quarter. AlphaQuest LLC now owns 862 shares of the bank’s stock worth $101,000 after acquiring an additional 89 shares during the period. Blue Trust Inc. boosted its position in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of BancFirst by 3.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after purchasing an additional 110 shares during the period. Ameritas Investment Partners Inc. increased its holdings in shares of BancFirst by 6.8% in the 4th quarter. Ameritas Investment Partners Inc. now owns 2,085 shares of the bank’s stock valued at $244,000 after purchasing an additional 133 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of BancFirst by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,743 shares of the bank’s stock valued at $1,845,000 after purchasing an additional 184 shares during the period. 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.