BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 17,830 Shares of Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 17,830 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $115.06, for a total value of $2,051,519.80. Following the transaction, the director owned 13,506 shares in the company, valued at $1,554,000.36. This trade represents a 56.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

BancFirst Price Performance

NASDAQ:BANF traded up $0.59 during mid-day trading on Tuesday, reaching $114.59. The stock had a trading volume of 172,393 shares, compared to its average volume of 151,631. The firm has a 50 day moving average price of $113.32 and a two-hundred day moving average price of $112.32. The stock has a market capitalization of $3.85 billion, a P/E ratio of 15.46 and a beta of 0.61. BancFirst Corporation has a one year low of $101.48 and a one year high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Friday, July 24th. The bank reported $1.96 EPS for the quarter, beating 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, analysts expect 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. Stockholders of record on Tuesday, June 30th were paid a $0.49 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. BancFirst’s dividend payout ratio is 26.45%.

Wall Street Analyst Weigh In

Several research firms recently commented on BANF. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Zacks Research raised shares of BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. DA Davidson restated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research report on Friday, June 12th. Finally, Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One equities 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Institutional Trading of BancFirst

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of BancFirst by 1,012.1% in the 4th quarter. SG Americas Securities LLC now owns 11,722 shares of the bank’s stock valued at $1,243,000 after purchasing an additional 10,668 shares during the period. Fifth Third Bancorp grew its stake in BancFirst by 16,173.1% in the first quarter. Fifth Third Bancorp now owns 12,693 shares of the bank’s stock worth $1,377,000 after purchasing an additional 12,615 shares during the period. Norges Bank bought a new position in BancFirst in the fourth quarter worth $27,723,000. Edgestream Partners L.P. raised its holdings in BancFirst by 645.7% in the first quarter. Edgestream Partners L.P. now owns 32,139 shares of the bank’s stock worth $3,487,000 after purchasing an additional 27,829 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in BancFirst by 30.8% during the fourth quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock valued at $17,874,000 after buying an additional 39,672 shares during the period. 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.