David Rainbolt Sells 29,740 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 29,740 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of $116.49, for a total value of $3,464,412.60. Following the transaction, the director directly owned 137,043 shares in the company, valued at approximately $15,964,139.07. This represents a 17.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

BancFirst Stock Down 1.9%

BANF opened at $113.47 on Thursday. BancFirst Corporation has a 12 month low of $101.48 and a 12 month high of $138.77. The business has a 50-day moving average of $113.22 and a two-hundred day moving average of $112.24. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 15.31 and a beta of 0.59. 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 issued its quarterly earnings results on Friday, July 24th. The bank reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. On average, research analysts expect that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.49 dividend. 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 26.45%.

Institutional Trading of BancFirst

Several hedge funds have recently bought and sold shares of BANF. Signaturefd LLC increased its stake in shares of BancFirst by 5.2% in the fourth quarter. Signaturefd LLC now owns 1,873 shares of the bank’s stock valued at $199,000 after purchasing an additional 93 shares during the period. Allworth Financial LP increased its stake in BancFirst by 47.5% during the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after buying an additional 95 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of BancFirst by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,752 shares of the bank’s stock worth $504,000 after buying an additional 100 shares in the last quarter. Advisors Asset Management Inc. lifted its position in BancFirst by 9.5% in the fourth quarter. Advisors Asset Management Inc. now owns 1,245 shares of the bank’s stock worth $132,000 after purchasing an additional 108 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in shares of BancFirst by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 4,058 shares of the bank’s stock valued at $430,000 after buying an additional 127 shares during the period. 51.72% of the stock is currently owned by institutional investors.

Trending Headlines about BancFirst

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, DA Davidson restated a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a research note on Friday, June 12th. 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 currently 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.