Insider Selling: BancFirst Co. (NASDAQ:BANF) EVP Sells 5,000 Shares of 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BancFirst Trading Up 2.0 %

Shares of BANF traded up $2.40 during trading hours on Tuesday, reaching $122.59. 80,734 shares of the company traded hands, compared to its average volume of 124,701. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 19.04 and a beta of 1.05. BancFirst Co. has a 12-month low of $81.21 and a 12-month high of $132.29. 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 stock’s fifty day moving average price is $120.30 and its 200 day moving average price is $113.16.

BancFirst (NASDAQ:BANF) last issued its earnings results 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 net margin of 23.52% and a return on equity of 14.21%. Sell-side analysts forecast that BancFirst Co. will post 6.52 earnings per share for the current 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 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, December 31st. BancFirst’s dividend payout ratio (DPR) is presently 28.57%.

Institutional Trading of BancFirst

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in BancFirst by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 2,306,204 shares of the bank’s stock worth $270,241,000 after acquiring an additional 44,563 shares during the period. State Street Corp lifted its stake in BancFirst by 12.4% in the third quarter. State Street Corp now owns 872,101 shares of the bank’s stock worth $92,187,000 after acquiring an additional 96,483 shares during the period. Geode Capital Management LLC lifted its stake in BancFirst by 13.7% in the third quarter. Geode Capital Management LLC now owns 482,785 shares of the bank’s stock worth $50,823,000 after acquiring an additional 58,016 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in BancFirst by 16.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank’s stock worth $20,242,000 after acquiring an additional 26,707 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in BancFirst by 33.8% in the third quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank’s stock worth $13,599,000 after acquiring an additional 32,636 shares during the period. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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