BancFirst (NASDAQ:BANF) Director Sells $1,463,205.90 in Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 12,718 shares of the stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $115.05, for a total transaction of $1,463,205.90. Following the completion of the transaction, the director owned 42,833 shares of the company’s stock, valued at approximately $4,927,936.65. The trade was a 22.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

BancFirst Trading Up 0.6%

Shares of NASDAQ BANF opened at $112.82 on Friday. BancFirst Corporation has a 1 year low of $101.48 and a 1 year high of $138.77. The stock has a market cap of $3.79 billion, a P/E ratio of 15.23 and a beta of 0.59. The firm has a 50-day moving average of $113.26 and a 200 day moving average of $112.26. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The business had revenue of $187.49 million for the quarter, compared to analysts’ expectations of $178.53 million. As a group, sell-side analysts expect that BancFirst Corporation will post 7.67 EPS for the current fiscal year.

BancFirst Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BANF shares. DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research note on Friday, June 12th. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $124.00.

Institutional Investors Weigh In On BancFirst

Institutional investors have recently modified their holdings of the business. State Street Corp increased its holdings in BancFirst by 7.6% in the 4th quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock worth $146,537,000 after buying an additional 96,957 shares in the last quarter. Norges Bank bought a new position in BancFirst during the 4th quarter valued at about $27,723,000. Verition Fund Management LLC lifted its stake in BancFirst by 30.8% during the 4th quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock valued at $17,874,000 after acquiring an additional 39,672 shares during the period. Invesco Ltd. boosted its holdings in shares of BancFirst by 73.4% during the 3rd quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock valued at $20,676,000 after acquiring an additional 69,192 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in shares of BancFirst by 33.5% during the 3rd quarter. Raymond James Financial Inc. now owns 134,175 shares of the bank’s stock valued at $16,966,000 after acquiring an additional 33,636 shares during the last quarter. 51.72% of the stock is owned by hedge funds and other 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.