Main Street Banking Partners L Sells 1,750 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 1,750 shares of BancFirst stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $110.11, for a total value of $192,692.50. Following the transaction, the insider now directly owns 4,934,421 shares in the company, valued at $543,329,096.31. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Tuesday, October 22nd, Main Street Banking Partners L sold 778 shares of BancFirst stock. The stock was sold at an average price of $110.00, for a total value of $85,580.00.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44.

BancFirst Price Performance

BancFirst stock opened at $107.26 on Friday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 17.53 and a beta of 1.03. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $115.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50 day moving average price is $105.78 and its two-hundred day moving average price is $96.21.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is presently 30.07%.

Hedge Funds Weigh In On BancFirst

Several institutional investors have recently made changes to their positions in BANF. Whittier Trust Co. of Nevada Inc. bought a new stake in BancFirst in the 3rd quarter valued at about $38,000. Blue Trust Inc. increased its holdings in shares of BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after acquiring an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of BancFirst by 557.1% in 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 grew its position 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 period. Finally, Point72 DIFC Ltd bought a new stake in BancFirst during the 2nd quarter valued at $77,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BANF. Piper Sandler upped their price objective on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research note on Monday, July 22nd. DA Davidson upped their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

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.