BancFirst Co. (NASDAQ:BANF) EVP Darryl Schmidt Buys 232 Shares

BancFirst Co. (NASDAQ:BANFGet Rating) EVP Darryl Schmidt purchased 232 shares of the stock in a transaction dated Monday, January 23rd. The shares were bought at an average cost of $82.57 per share, for a total transaction of $19,156.24. Following the completion of the purchase, the executive vice president now owns 48,029 shares in the company, valued at $3,965,754.53. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

BancFirst Stock Performance

Shares of BANF stock opened at $82.46 on Tuesday. The company’s fifty day simple moving average is $91.94 and its 200-day simple moving average is $97.15. BancFirst Co. has a 52 week low of $73.01 and a 52 week high of $118.07. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.71 billion, a PE ratio of 14.29 and a beta of 1.13.

BancFirst Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 16th. Investors of record on Saturday, December 31st were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, December 29th. BancFirst’s payout ratio is 27.73%.

Institutional Investors Weigh In On BancFirst

A number of large investors have recently added to or reduced their stakes in BANF. HighTower Advisors LLC acquired a new stake in BancFirst during the 1st quarter valued at $220,000. Citigroup Inc. grew its holdings in BancFirst by 17.1% during the 1st quarter. Citigroup Inc. now owns 16,705 shares of the bank’s stock valued at $1,390,000 after purchasing an additional 2,437 shares in the last quarter. Bank of Montreal Can grew its holdings in BancFirst by 3.4% during the 1st quarter. Bank of Montreal Can now owns 7,111 shares of the bank’s stock worth $592,000 after acquiring an additional 235 shares in the last quarter. D.A. Davidson & CO. bought a new stake in BancFirst in the 1st quarter valued at about $289,000. Finally, MetLife Investment Management LLC lifted its position in BancFirst by 59.0% in the 1st quarter. MetLife Investment Management LLC now owns 9,103 shares of the bank’s stock valued at $757,000 after purchasing an additional 3,378 shares during the last quarter. 45.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler lowered their price target on shares of BancFirst from $97.00 to $84.00 and set an “underweight” rating on the stock in a research report on Monday. DA Davidson increased their price target on shares of BancFirst to $105.00 in a research note on Thursday, October 27th. Finally, StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research note on Monday.

About BancFirst

(Get Rating)

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. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

Read More

Insider Buying and Selling by Quarter for BancFirst (NASDAQ:BANF)

Receive News & Ratings for BancFirst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BancFirst and related companies with MarketBeat.com's FREE daily email newsletter.