BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 29,740 Shares of Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 29,740 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $116.49, for a total transaction of $3,464,412.60. Following the transaction, the director owned 137,043 shares in the company, valued at approximately $15,964,139.07. This trade represents a 17.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BancFirst Trading Down 0.2%

NASDAQ:BANF opened at $115.72 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a 12 month low of $101.48 and a 12 month high of $138.77. The company has a market cap of $3.89 billion, a PE ratio of 15.62 and a beta of 0.59. The company has a 50 day simple moving average of $113.17 and a two-hundred day simple moving average of $112.23.

BancFirst (NASDAQ:BANF) last announced its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. Research analysts forecast that BancFirst Corporation will post 7.55 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s dividend payout ratio is 26.45%.

Institutional Trading of BancFirst

Several hedge funds have recently bought and sold shares of the stock. Quarry LP raised its stake in shares of BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after buying an additional 186 shares during the period. Allworth Financial LP grew its stake in shares of BancFirst by 47.5% during the 3rd 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. Eagle Bay Advisors LLC purchased a new stake in BancFirst in the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC purchased a new stake in BancFirst in the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC raised its stake in BancFirst by 957.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after acquiring an additional 364 shares during the period. Institutional investors own 51.72% of the company’s stock.

Analysts Set New Price Targets

BANF has been the subject of a number of recent research reports. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday. DA Davidson reissued a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a report on Friday, June 12th. Finally, Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $124.00.

About BancFirst

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.