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 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 transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BancFirst Trading Down 3.1 %

Shares of NASDAQ:BANF opened at $118.77 on Thursday. BancFirst Co. has a 52-week low of $81.21 and a 52-week high of $132.29. 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 company has a market capitalization of $3.93 billion, a P/E ratio of 18.44 and a beta of 1.05. The company has a 50-day simple moving average of $120.03 and a 200 day simple moving average of $113.28.

BancFirst (NASDAQ:BANF) last released its quarterly earnings data on Thursday, January 23rd. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders 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 dividend on an annualized basis and a yield of 1.55%. BancFirst’s dividend payout ratio (DPR) is 28.57%.

Wall Street Analysts Forecast Growth

BANF has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. DA Davidson upped their price objective on 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 downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Friday, January 24th.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted 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 worth $38,000 after buying an additional 191 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of BancFirst during the third quarter worth approximately $38,000. Blue Trust Inc. grew its position in shares of 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 purchasing an additional 99 shares during the last quarter. AlphaQuest LLC increased 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 purchasing an additional 89 shares during the period. Finally, nVerses Capital LLC acquired a new stake in BancFirst during the 3rd quarter worth approximately $105,000. 51.72% of the stock is currently owned by institutional investors and hedge funds.

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.