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

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 17,830 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $115.06, for a total transaction of $2,051,519.80. Following the completion of the sale, the director directly owned 13,506 shares in the company, valued at $1,554,000.36. This trade represents a 56.90% 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 Trading Up 0.5%

Shares of BANF stock opened at $114.59 on Wednesday. The firm has a fifty day moving average of $113.36 and a 200-day moving average of $112.34. The stock 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 52-week low of $101.48 and a 52-week 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 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 for the quarter, compared to analyst estimates of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. On average, equities research analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The business 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. This represents a $1.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s dividend payout ratio is currently 26.45%.

Institutional Investors Weigh In On BancFirst

A number of large investors have recently bought and sold shares of BANF. Signaturefd LLC increased its holdings in BancFirst by 5.2% during the 4th quarter. Signaturefd LLC now owns 1,873 shares of the bank’s stock valued at $199,000 after purchasing an additional 93 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in BancFirst by 2.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,752 shares of the bank’s stock worth $504,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of BancFirst by 9.5% during 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 last quarter. ProShare Advisors LLC increased its stake 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 in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of BancFirst by 17.7% in the first quarter. Parallel Advisors LLC now owns 1,082 shares of the bank’s stock valued at $117,000 after buying an additional 163 shares in the last quarter. 51.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on BANF shares. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a research note 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. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, BancFirst currently has an average rating of “Moderate Buy” and an average price target of $124.00.

BancFirst Company Profile

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.