Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 2,152 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director Leslie Jeannine Rainbolt sold 2,152 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $110.47, for a total value of $237,731.44. Following the completion of the transaction, the director now directly owns 4,942,550 shares of the company’s stock, valued at approximately $546,003,498.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Leslie Jeannine Rainbolt also recently made the following trade(s):

• On Friday, September 13th, Leslie Jeannine Rainbolt sold 10,371 shares of BancFirst stock. The shares were sold at an average price of $105.02, for a total transaction of $1,089,162.42.

BancFirst Trading Up 0.1 %

NASDAQ BANF opened at $110.10 on Thursday. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $115.62. The business’s fifty day moving average is $105.54 and its 200 day moving average is $95.97. 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 company has a market cap of $3.63 billion, a price-to-earnings ratio of 17.99 and a beta of 1.03.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders 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. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, September 30th. BancFirst’s payout ratio is 30.07%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BANF. Louisiana State Employees Retirement System increased its position in BancFirst by 31.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the bank’s stock valued at $1,010,000 after acquiring an additional 2,300 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BancFirst in the third quarter worth $112,370,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in BancFirst in the third quarter valued at $38,000. Raymond James & Associates raised its position in BancFirst by 4.1% during the 3rd quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock worth $10,007,000 after purchasing an additional 3,720 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares during the period. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BANF. Piper Sandler increased their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. DA Davidson raised their target price on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday. Finally, StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

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.