BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 12,718 Shares

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

BancFirst Price Performance

Shares of BANF stock opened at $113.47 on Thursday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s 50-day moving average is $113.22 and its two-hundred day moving average is $112.24. BancFirst Corporation has a 12 month low of $101.48 and a 12 month high of $138.77. The company has a market capitalization of $3.81 billion, a PE ratio of 15.31 and a beta of 0.59.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to analysts’ expectations of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. Analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Announces Dividend

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

Analyst Ratings Changes

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

More BancFirst News

Here are the key news stories impacting BancFirst this week:

• Positive Sentiment: Zacks upgraded BancFirst from “hold” to “strong-buy,” potentially supporting investor sentiment and signaling confidence in the bank’s outlook. Zacks.com
• Positive Sentiment: BancFirst recently reported quarterly EPS of $1.96, exceeding the $1.80 consensus estimate, while revenue of $187.49 million also topped expectations. The bank posted a 13.64% return on equity and a 31.96% net margin, reinforcing its profitability profile.
• Positive Sentiment: The company maintains a quarterly dividend of $0.49 per share, equivalent to $1.96 annually and a yield of approximately 1.7%. Institutional ownership remains substantial at 51.72%, with several funds increasing their positions.
• Neutral Sentiment: Analyst sentiment remains mixed. The consensus rating is “Hold,” with an average price target of $124, while recent rating changes have ranged from “sell” to “hold” and “buy” to “hold.”
• Negative Sentiment: Director David E. Rainbolt sold a combined 123,950 shares between July 27 and July 29 for approximately $14.4 million. The transactions reduced his direct ownership by more than 80% across the reported filings, a notable insider-selling signal that may weigh on the stock despite the absence of a stated reason for the sales. BancFirst insider trading report

Institutional Trading of BancFirst

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of BancFirst by 7.6% during the fourth 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 during the period. Norges Bank purchased a new stake in shares of BancFirst in the 4th quarter valued at $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 worth $17,874,000 after acquiring an additional 39,672 shares in the last quarter. Invesco Ltd. boosted its holdings in 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 period. Finally, Raymond James Financial Inc. boosted its holdings in 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 period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

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.