David Rainbolt Sells 9,001 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 9,001 shares of BancFirst stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $115.11, for a total value of $1,036,105.11. Following the transaction, the director directly owned 166,783 shares in the company, valued at approximately $19,198,391.13. This trade represents a 5.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BancFirst Trading Down 0.3%

NASDAQ:BANF opened at $112.95 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.03 and a quick ratio of 1.03. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The stock’s 50-day moving average is $110.84 and its two-hundred day moving average is $111.32. The stock has a market cap of $3.79 billion, a PE ratio of 15.47 and a beta of 0.60.

BancFirst (NASDAQ:BANF) last released its earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.The company had revenue of $179.00 million for the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter in the previous year, the business posted $1.66 EPS. As a group, equities research analysts forecast that BancFirst Corporation will post 7.36 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 31st. BancFirst’s payout ratio is 26.85%.

Institutional Investors Weigh In On BancFirst

Several institutional investors have recently made changes to their positions in BANF. Envestnet Asset Management Inc. lifted its holdings in BancFirst by 49.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,208 shares of the bank’s stock worth $5,717,000 after purchasing an additional 14,947 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in BancFirst by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank’s stock worth $14,333,000 after purchasing an additional 14,333 shares during the last quarter. Clark Capital Management Group Inc. lifted its holdings in BancFirst by 37.6% in the 3rd quarter. Clark Capital Management Group Inc. now owns 62,605 shares of the bank’s stock worth $7,916,000 after purchasing an additional 17,092 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in BancFirst by 18.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 80,535 shares of the bank’s stock worth $10,184,000 after purchasing an additional 12,535 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in BancFirst by 1,012.1% in the 4th quarter. SG Americas Securities LLC now owns 11,722 shares of the bank’s stock worth $1,243,000 after purchasing an additional 10,668 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Keefe, Bruyette & Woods lifted their price target on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Finally, DA Davidson reiterated a “neutral” rating and set a $125.00 price target on shares of BancFirst in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.