BancFirst Co. (NASDAQ:BANF) EVP Purchases $20,812.72 in Stock

BancFirst Co. (NASDAQ:BANF) EVP Darryl Schmidt purchased 232 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were purchased at an average cost of $89.71 per share, for a total transaction of $20,812.72. Following the completion of the transaction, the executive vice president now directly owns 48,939 shares of the company’s stock, valued at $4,390,317.69. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

BancFirst Stock Performance

BANF stock traded up $1.69 during mid-day trading on Monday, hitting $90.97. The company had a trading volume of 53,165 shares, compared to its average volume of 61,630. The firm has a market cap of $3.00 billion, a PE ratio of 14.59 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.95. BancFirst Co. has a 12 month low of $68.44 and a 12 month high of $104.00. The stock’s fifty day moving average price is $86.49 and its two-hundred day moving average price is $88.11.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, January 18th. The bank reported $1.46 EPS for the quarter, topping the consensus estimate of $1.44 by $0.02. The business had revenue of $150.22 million for the quarter, compared to analyst estimates of $146.84 million. BancFirst had a net margin of 26.25% and a return on equity of 14.85%. The business’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts forecast that BancFirst Co. will post 5.36 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, March 27th. BancFirst’s dividend payout ratio is 28.10%.

Institutional Trading of BancFirst

Several hedge funds and other institutional investors have recently modified their holdings of the business. BancFirst Trust & Investment Management raised its position in shares of BancFirst by 4.2% in the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock valued at $99,246,000 after purchasing an additional 45,629 shares during the period. Dimensional Fund Advisors LP raised its position in shares of BancFirst by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock valued at $93,748,000 after purchasing an additional 9,751 shares during the period. Fuller & Thaler Asset Management Inc. raised its position in shares of BancFirst by 11.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 246,742 shares of the bank’s stock valued at $21,400,000 after purchasing an additional 25,541 shares during the period. Norges Bank bought a new stake in shares of BancFirst in the fourth quarter valued at approximately $23,802,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of BancFirst by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock valued at $16,503,000 after purchasing an additional 12,457 shares during the period. Institutional investors own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price target on shares of BancFirst from $95.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th.

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.