David E. Rainbolt Sells 1,391 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt sold 1,391 shares of the stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $105.01, for a total transaction of $146,068.91. Following the sale, the director now directly owns 215,024 shares in the company, valued at approximately $22,579,670.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

BancFirst Stock Performance

BancFirst stock opened at $104.67 on Thursday. The company’s 50-day moving average is $101.00 and its two-hundred day moving average is $91.84. BancFirst Co. has a 1 year low of $79.99 and a 1 year high of $110.79. The company has a market cap of $3.45 billion, a PE ratio of 17.10 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, July 18th. The bank reported $1.51 EPS for the quarter, beating the consensus estimate of $1.42 by $0.09. The company had revenue of $153.84 million during the quarter, compared to analysts’ expectations of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. Equities analysts anticipate that BancFirst Co. will post 6.07 earnings per share for the current year.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.46 dividend. The ex-dividend date is Monday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.76%. BancFirst’s dividend payout ratio (DPR) is 30.07%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Piper Sandler upped their target price 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. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On BancFirst

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BancFirst Trust & Investment Management lifted its holdings in BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after acquiring an additional 45,629 shares in the last quarter. Sei Investments Co. raised its position in shares of BancFirst by 58.8% during the first quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock worth $2,125,000 after purchasing an additional 8,939 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of BancFirst by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock valued at $16,503,000 after purchasing an additional 12,457 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of BancFirst by 85.7% in the 1st quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock valued at $967,000 after purchasing an additional 5,066 shares during the period. Finally, Janus Henderson Group PLC increased its stake in BancFirst by 87.5% during the 1st quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after purchasing an additional 9,936 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

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.