Darryl Schmidt Acquires 232 Shares of BancFirst Co. (NASDAQ:BANF) Stock

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

BancFirst Trading Up 1.2 %

BANF opened at $92.36 on Wednesday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 15.09 and a beta of 1.09. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 12 month low of $68.44 and a 12 month high of $104.00. The stock has a fifty day moving average price of $86.65 and a 200-day moving average price of $88.18.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Wednesday, March 27th. BancFirst’s payout ratio is 28.10%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in BancFirst during the 4th quarter valued at about $8,818,000. Illinois Municipal Retirement Fund acquired a new position in BancFirst during the 3rd quarter valued at about $909,000. Schonfeld Strategic Advisors LLC acquired a new position in BancFirst during the 3rd quarter valued at about $1,242,000. Tectonic Advisors LLC increased its position in BancFirst by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 9,114 shares of the bank’s stock valued at $887,000 after buying an additional 1,118 shares in the last quarter. Finally, Diversified Trust Co increased its position in BancFirst by 4.0% during the 4th quarter. Diversified Trust Co now owns 3,869 shares of the bank’s stock valued at $377,000 after buying an additional 150 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.