David Rainbolt Sells 11,497 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 11,497 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $115.09, for a total value of $1,323,189.73. Following the completion of the transaction, the director directly owned 31,336 shares of the company’s stock, valued at approximately $3,606,460.24. This trade represents a 26.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

BancFirst Price Performance

NASDAQ BANF traded up $0.58 during trading hours on Tuesday, reaching $114.58. 41,934 shares of the company’s stock were exchanged, compared to its average volume of 150,725. 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 one year low of $101.48 and a one year high of $138.77. The stock has a market cap of $3.85 billion, a PE ratio of 15.39 and a beta of 0.61. The firm has a fifty day moving average of $113.32 and a 200-day moving average of $112.32.

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

BancFirst Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP raised its stake in shares of BancFirst by 531.4% during the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after purchasing an additional 186 shares during the period. Eagle Bay Advisors LLC bought a new position in BancFirst during the fourth quarter valued at about $40,000. Kestra Advisory Services LLC bought a new stake in BancFirst in the fourth quarter worth about $41,000. EverSource Wealth Advisors LLC boosted its stake in BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after acquiring an additional 364 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of BancFirst by 108.6% during the 1st quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock valued at $61,000 after acquiring an additional 291 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BANF shares. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. DA Davidson restated a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a report on Friday, June 12th. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a 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’s stock. According to MarketBeat.com, BancFirst presently has a consensus rating of “Moderate Buy” and a consensus target price 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.