BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt Sells 18,376 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt sold 18,376 shares of BancFirst stock in a transaction on Friday, August 30th. The stock was sold at an average price of $106.22, for a total transaction of $1,951,898.72. Following the transaction, the director now directly owns 223,874 shares in the company, valued at $23,779,896.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

BancFirst Price Performance

Shares of NASDAQ:BANF opened at $106.40 on Friday. The company has a market capitalization of $3.51 billion, a P/E ratio of 17.39 and a beta of 1.04. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $110.79. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.95 and a current ratio of 0.96. The company’s 50-day moving average is $98.17 and its 200 day moving average is $90.94.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.09. The firm had revenue of $153.84 million for the quarter, compared to analysts’ expectations of $149.75 million. BancFirst had a return on equity of 14.10% and a net margin of 29.64%. On average, equities research analysts forecast that BancFirst Co. will post 6.07 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.46 dividend. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. BancFirst’s dividend payout ratio (DPR) is presently 28.10%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BANF. Piper Sandler boosted their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. StockNews.com raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

Institutional Trading of BancFirst

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BANF. Norges Bank purchased a new stake in BancFirst in the fourth quarter worth $23,802,000. International Assets Investment Management LLC bought a new position in BancFirst in the fourth quarter worth $8,818,000. Edgestream Partners L.P. bought a new position in BancFirst in the first quarter worth $4,274,000. Millennium Management LLC raised its holdings in BancFirst by 499.6% in the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after purchasing an additional 48,006 shares in the last quarter. Finally, BancFirst Trust & Investment Management raised its holdings in BancFirst by 4.2% in the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after purchasing an additional 45,629 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

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.