BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 8,506 Shares of Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 8,506 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $115.00, for a total value of $978,190.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

BancFirst Stock Up 0.8%

NASDAQ:BANF traded up $0.92 during mid-day trading on Thursday, hitting $115.22. The stock had a trading volume of 23,380 shares, compared to its average volume of 148,315. 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 twelve month low of $101.48 and a twelve month high of $138.77. The company has a market capitalization of $3.87 billion, a PE ratio of 15.54 and a beta of 0.61. The stock has a 50-day simple moving average of $113.83 and a two-hundred day simple moving average of $112.31.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $187.49 million for the quarter, compared to the consensus estimate 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 anticipate that BancFirst Corporation will post 7.67 EPS for the current year.

BancFirst Dividend Announcement

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

Analysts Set New Price Targets

BANF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a report on Wednesday, August 5th. DA Davidson reissued a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a report on Friday, June 12th. Zacks Research raised BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen upgraded shares of 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 assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quarry LP boosted its stake in BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after buying an additional 186 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of BancFirst in the second quarter worth approximately $33,000. Pinnacle Holdings LLC purchased a new stake in BancFirst in the second quarter valued at approximately $40,000. Eagle Bay Advisors LLC purchased a new stake in BancFirst in the fourth quarter valued at approximately $40,000. Finally, Kestra Advisory Services LLC acquired a new position in BancFirst during the fourth quarter worth approximately $41,000. Hedge funds and other 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.