Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 5,601 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt sold 5,601 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $110.21, for a total value of $617,286.21. Following the sale, the director now owns 208,723 shares of the company’s stock, valued at $23,003,361.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

BancFirst Stock Performance

Shares of BANF stock opened at $110.10 on Thursday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $105.54 and a two-hundred day moving average of $95.97. BancFirst Co. has a 52 week low of $79.99 and a 52 week high of $115.62. The company has a market cap of $3.63 billion, a P/E ratio of 17.99 and a beta of 1.03.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.46 per share. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 annualized dividend and a yield of 1.67%. BancFirst’s payout ratio is presently 30.07%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BANF shares. Piper Sandler raised their target price on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. DA Davidson lifted their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

Institutional Investors Weigh In On BancFirst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in BancFirst by 33.9% during the third 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. Louisiana State Employees Retirement System raised its holdings in BancFirst by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after purchasing an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in BancFirst by 1.9% during the second quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after purchasing an additional 112 shares in the last quarter. Diversified Trust Co raised its holdings in BancFirst by 2.6% during the second quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after purchasing an additional 128 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in BancFirst by 3.9% during the first quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after purchasing an additional 152 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

BancFirst Company Profile

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.