David Rainbolt Sells 3,000 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 3,000 shares of BancFirst stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $115.00, for a total transaction of $345,000.00. Following the transaction, the director directly owned 8,506 shares of the company’s stock, valued at approximately $978,190. This trade represents a 26.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

BancFirst Stock Performance

Shares of NASDAQ BANF opened at $113.01 on Friday. The company has a market capitalization of $3.80 billion, a PE ratio of 15.25 and a beta of 0.61. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. The company’s fifty day moving average price is $113.54 and its 200 day moving average price is $112.35. BancFirst Corporation has a 1 year low of $101.48 and a 1 year high of $138.77.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The business had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. On average, research analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders 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 yield of 1.7%. BancFirst’s dividend payout ratio is currently 26.45%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BANF. Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings downgraded shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Keefe, Bruyette & Woods dropped their target price on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, DA Davidson reissued a “neutral” rating and set a $125.00 target price on shares of BancFirst in a research note on Friday, June 12th. One investment 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 an average rating of “Moderate Buy” and a consensus target price of $123.00.

Institutional Trading of BancFirst

Several large investors have recently made changes to their positions in the company. Quarry LP lifted its holdings in BancFirst by 531.4% in the 3rd quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after purchasing an additional 186 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of BancFirst during the fourth quarter worth $40,000. Kestra Advisory Services LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at about $41,000. EverSource Wealth Advisors LLC raised its position in shares of BancFirst by 957.9% in the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock valued at $50,000 after buying an additional 364 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in shares of BancFirst by 108.6% in the first quarter. Advisors Asset Management Inc. now owns 559 shares of the bank’s stock worth $61,000 after buying an additional 291 shares in the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

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.