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

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

BancFirst Trading Up 2.0 %

BancFirst stock opened at $122.59 on Wednesday. The stock has a market cap of $4.06 billion, a P/E ratio of 19.04 and a beta of 1.05. BancFirst Co. has a fifty-two week low of $81.21 and a fifty-two week high of $132.29. The firm’s fifty day moving average price is $120.23 and its 200-day moving average price is $113.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.98 and a current ratio of 0.98.

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 net margin of 23.52% and a return on equity of 14.21%. Equities research analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.50%. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Analysts Set New Price Targets

BANF has been the topic of a number of analyst reports. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upped their price target on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, DA Davidson upped their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BANF. International Assets Investment Management LLC purchased a new stake in BancFirst during the third quarter valued at about $112,370,000. Raymond James Financial Inc. purchased a new stake in BancFirst during the fourth quarter valued at about $11,958,000. State Street Corp boosted its position in BancFirst by 12.4% during the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock valued at $92,187,000 after buying an additional 96,483 shares during the period. Geode Capital Management LLC boosted its position in BancFirst by 13.7% during the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock valued at $50,823,000 after buying an additional 58,016 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of BancFirst by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock worth $270,241,000 after purchasing an additional 44,563 shares during the period. 51.72% of the stock is currently owned by hedge funds and other 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.