Insider Selling: BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells $85,580.00 in Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 778 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $110.00, for a total transaction of $85,580.00. Following the completion of the sale, the insider now directly owns 4,941,772 shares of the company’s stock, valued at $543,594,920. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Main Street Banking Partners L also recently made the following trade(s):

• On Thursday, October 24th, Main Street Banking Partners L sold 1,750 shares of BancFirst stock. The stock was sold at an average price of $110.11, for a total transaction of $192,692.50.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The stock was sold at an average price of $105.46, for a total transaction of $2,332,142.44.

BancFirst Trading Down 0.9 %

Shares of BANF opened at $109.13 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average is $105.69 and its two-hundred day moving average is $96.06. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $115.62. The firm has a market capitalization of $3.60 billion, a P/E ratio of 17.83 and a beta of 1.03.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.46 per share. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s dividend payout ratio is presently 30.07%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BANF. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BancFirst during the 3rd quarter worth approximately $38,000. Blue Trust Inc. increased its stake in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after purchasing an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in BancFirst by 557.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock worth $45,000 after purchasing an additional 429 shares in the last quarter. EntryPoint Capital LLC raised its stake in BancFirst by 56.8% in the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after purchasing an additional 305 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in BancFirst in the 2nd quarter valued at about $77,000. 51.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BANF. DA Davidson increased their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Piper Sandler upped their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.