Insider Selling: BancFirst Co. (NASDAQ:BANF) EVP Sells 5,000 Shares of Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value 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 filing with the Securities & Exchange Commission, which is available through the SEC website.

BancFirst Stock Down 0.4 %

BANF traded down $0.51 during trading hours on Friday, hitting $119.44. 65,548 shares of the company's stock were exchanged, compared to its average volume of 129,679. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. BancFirst Co. has a 1-year low of $81.21 and a 1-year high of $132.29. The stock's 50-day moving average is $119.68 and its two-hundred day moving average is $113.45. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 18.55 and a beta of 1.05.

BancFirst (NASDAQ:BANF - Get Free Report) last posted 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%. Sell-side analysts predict that BancFirst Co. will post 6.52 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid 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 1.54%. BancFirst's dividend payout ratio is 28.57%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in BancFirst by 155.3% during the fourth 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 last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in BancFirst during the third quarter worth $38,000. Blue Trust Inc. increased its holdings in BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after buying an additional 99 shares during the last quarter. Sterling Capital Management LLC raised its holdings 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 purchasing an additional 491 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of BancFirst by 11.5% in the 4th quarter. AlphaQuest LLC now owns 862 shares of the bank's stock valued at $101,000 after purchasing an additional 89 shares during the period. 51.72% of the stock is currently owned by institutional investors.

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.