David Rainbolt Sells 650 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 650 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $115.02, for a total transaction of $74,763.00. Following the sale, the director directly owned 206,823 shares of the company’s stock, valued at $23,788,781.46. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

BancFirst Stock Down 1.1%

Shares of BANF stock traded down $1.32 during mid-day trading on Friday, reaching $113.53. 70,615 shares of the company were exchanged, compared to its average volume of 135,562. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $3.81 billion, a P/E ratio of 15.55 and a beta of 0.61. The business’s 50 day simple moving average is $111.14 and its 200 day simple moving average is $111.94.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. BancFirst had a net margin of 31.71% and a return on equity of 13.84%. The business had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.19 million. During the same quarter last year, the company earned $1.66 earnings per share. Research analysts predict that BancFirst Corporation will post 7.36 earnings per share for the current year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. BancFirst’s dividend payout ratio (DPR) is presently 26.85%.

Hedge Funds Weigh In On BancFirst

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP boosted its holdings in shares of BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after acquiring an additional 186 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of BancFirst during the third quarter valued at $35,000. Allworth Financial LP boosted its holdings in shares of BancFirst by 47.5% during the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of BancFirst by 55.0% during the third quarter. Smartleaf Asset Management LLC now owns 341 shares of the bank’s stock valued at $44,000 after acquiring an additional 121 shares during the period. Finally, Pinnacle Holdings LLC acquired a new position in shares of BancFirst during the third quarter valued at $46,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on BANF. Weiss Ratings raised shares of BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a report on Friday, January 23rd. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $124.00.

BancFirst Company Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.