David Rainbolt Sells 6,219 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 6,219 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $115.07, for a total value of $715,620.33. Following the completion of the sale, the director directly owned 175,784 shares of the company’s stock, valued at $20,227,464.88. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

BancFirst Stock Down 0.3%

BANF opened at $112.95 on Friday. BancFirst Corporation has a 1-year low of $101.48 and a 1-year high of $138.77. 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 stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 15.47 and a beta of 0.60. The business has a 50 day moving average of $110.84 and a 200-day moving average of $111.32.

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

BancFirst Dividend Announcement

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

Analyst Ratings Changes

BANF has been the subject of several research reports. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, April 16th. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research report on Monday, April 20th. Finally, Keefe, Bruyette & Woods raised their target price on BancFirst from $120.00 to $123.00 and gave the stock a “market perform” rating in a research report on Friday, January 23rd. One investment 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, BancFirst has an average rating of “Hold” and a consensus price target of $124.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp lifted its position in BancFirst by 7.6% in the fourth quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock worth $146,537,000 after purchasing an additional 96,957 shares during the period. Norges Bank bought a new position in BancFirst in the fourth quarter worth $27,723,000. Verition Fund Management LLC lifted its position in BancFirst by 30.8% in the fourth quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock worth $17,874,000 after purchasing an additional 39,672 shares during the period. Invesco Ltd. lifted its position in BancFirst by 73.4% in the third quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock worth $20,676,000 after purchasing an additional 69,192 shares during the period. Finally, Raymond James Financial Inc. lifted its position in BancFirst by 33.5% in the third quarter. Raymond James Financial Inc. now owns 134,175 shares of the bank’s stock worth $16,966,000 after purchasing an additional 33,636 shares during the period. 51.72% of the stock is owned by institutional investors.

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.