BancFirst Co. EVP Darryl Schmidt Sells 5,000 Shares

BancFirst Co. (NASDAQ:BANF - Get Free Report) announced that its Executive Vice President, Darryl Schmidt, sold 5,000 shares of the company on February 11th. The shares were sold at an average price of $122.06 each, totaling $610,300 for the transaction. After this sale, Schmidt now holds a total of 43,564 shares in BancFirst, which are currently valued at approximately $5,317,421.84. This sale represents a 10.30% decrease in Schmidt's ownership of the company. The transaction has been filed with the Securities and Exchange Commission (SEC) and details can be accessed through their website.

BancFirst Price Performance

On the same day of the sale, shares of BancFirst traded up by $2.40, reaching $122.59 during trading hours. On that day, a total of 80,734 shares changed hands, compared to an average trading volume of 124,701 shares. The company boasts a quick ratio and current ratio of 0.98 each, alongside a low debt-to-equity ratio of 0.05. Over the past year, BancFirst has experienced a low of $81.21 and a high of $132.29, indicating volatility in its stock performance. The current market capitalization stands at $4.06 billion, with a price-to-earnings ratio of 19.04 and a beta of 1.05. The stock's 50-day moving average is $120.30 while the 200-day moving average is $113.16.

BancFirst's last quarterly earnings report, released on January 23rd, showed earnings per share (EPS) of $1.68, which was above analysts' expectations of $1.61. The company achieved a net margin of 23.52% and a return on equity of 14.21%. Analysts project the bank to report an EPS of 6.52 for the current fiscal year.

BancFirst Dividend Announcement

In addition to its stock performance, BancFirst has also declared a quarterly dividend of $0.46 per share, which was paid out on January 15th. This dividend corresponds to an annual yield of 1.50%, with a payout ratio of 28.57%. Investors who held shares as of December 31st were eligible to receive this dividend.

Institutional Investors' Interests in BancFirst

Recent reports show several institutional investors and hedge funds have adjusted their positions in BancFirst. For instance, International Assets Investment Management LLC acquired a new stake worth approximately $112.37 million in the third quarter. Additionally, Raymond James Financial Inc. invested about $11.96 million during the fourth quarter. State Street Corp heightened its ownership by 12.4%, now possessing 872,101 shares worth around $92.19 million. Other firms such as Geode Capital Management and Vanguard Group have also increased their stakes in the company, indicating strong interest from institutional investors, who collectively own 51.72% of BancFirst's stock.

Price Target Adjustments by Analysts

Furthermore, analysts have provided new price targets for BancFirst. DA Davidson has raised their price target from $104.00 to $110.00, assigning a "neutral" rating in their report. On the contrary, StockNews.com has downgraded BancFirst from a "hold" to a "sell" rating. Keefe, Bruyette & Woods has also lifted their price target from $117.00 to $135.00 while maintaining a "market perform" rating. Such mixed sentiments highlight the varied perspectives analysts have regarding the stock.

About BancFirst

BancFirst Corporation operates as a bank holding company, providing a range of commercial banking services to both retail customers and small to medium-sized businesses. The company operates through multiple segments, including BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, and Worthington, among others.

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