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

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

BancFirst Stock Performance

NASDAQ BANF opened at $114.59 on Wednesday. The business has a 50-day moving average price of $113.36 and a 200-day moving average price of $112.34. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 15.46 and a beta of 0.61. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $138.77. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results 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. The business had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a return on equity of 13.64% and a net margin of 31.96%. As a group, equities research analysts predict that BancFirst Corporation will post 7.67 EPS for the current fiscal year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given 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 dividend yield of 1.7%. BancFirst’s dividend payout ratio is currently 26.45%.

Institutional Inflows and Outflows

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

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BANF shares. Weiss Ratings downgraded 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 report on Monday, July 27th. DA Davidson restated a “neutral” rating and set a $125.00 price objective 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 report 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 MarketBeat, BancFirst presently has an average rating of “Moderate Buy” and an average price target 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.