BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 205 Shares

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 205 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $115.01, for a total value of $23,577.05. Following the completion of the transaction, the director directly owned 206,618 shares in the company, valued at $23,763,136.18. The trade was a 0.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

BancFirst Price Performance

BancFirst stock opened at $114.15 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 15.64 and a beta of 0.61. The stock’s 50 day moving average is $110.94 and its 200-day moving average is $111.54. BancFirst Corporation has a 12 month low of $101.48 and a 12 month high of $138.77.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.08. The business had revenue of $179.00 million during the quarter, compared to analysts’ expectations of $177.19 million. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.During the same period in the previous year, the company posted $1.66 earnings per share. Equities research analysts expect that BancFirst Corporation will post 7.36 EPS for the current year.

BancFirst Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 31st. BancFirst’s payout ratio is 26.85%.

Institutional Investors Weigh In On BancFirst

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP lifted its stake in BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in BancFirst during the third quarter worth $35,000. Allworth Financial LP lifted its stake in BancFirst by 47.5% during the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock worth $37,000 after purchasing an additional 95 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in BancFirst during the fourth quarter worth $40,000. Finally, Kestra Advisory Services LLC bought a new stake in BancFirst during the fourth quarter worth $41,000. 51.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BANF shares. Keefe, Bruyette & Woods boosted their price target on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Finally, DA Davidson reiterated a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a research note on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BancFirst has a consensus 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.