David Rainbolt Sells 17,830 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 17,830 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $115.06, for a total transaction of $2,051,519.80. Following the sale, the director directly owned 13,506 shares of the company’s stock, valued at $1,554,000.36. The trade was a 56.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BancFirst Price Performance

Shares of BANF opened at $114.12 on Thursday. The company has a 50 day moving average of $113.43 and a two-hundred day moving average of $112.34. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $138.77. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 15.40 and a beta of 0.61.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings data on Friday, July 24th. The bank reported $1.96 EPS for the quarter, beating the consensus estimate of $1.80 by $0.16. The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. BancFirst had a return on equity of 13.64% and a net margin of 31.96%. As a group, analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio is currently 26.45%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BANF. Wall Street Zen upgraded BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Zacks Research raised shares of BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. DA Davidson reiterated a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research note on Friday, June 12th. Keefe, Bruyette & Woods dropped their target price on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Institutional Trading of BancFirst

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in shares of BancFirst by 5.2% in the fourth quarter. Signaturefd LLC now owns 1,873 shares of the bank’s stock worth $199,000 after acquiring an additional 93 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of BancFirst by 2.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,752 shares of the bank’s stock valued at $504,000 after acquiring an additional 100 shares during the period. Advisors Asset Management Inc. increased its stake in shares of BancFirst by 9.5% in the 4th quarter. Advisors Asset Management Inc. now owns 1,245 shares of the bank’s stock valued at $132,000 after purchasing an additional 108 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of BancFirst by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 4,058 shares of the bank’s stock valued at $430,000 after purchasing an additional 127 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in BancFirst by 17.7% in the 1st quarter. Parallel Advisors LLC now owns 1,082 shares of the bank’s stock worth $117,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Company Profile

BancFirst Corporation is a regional banking holding company based in Oklahoma City, Oklahoma. As the largest state‐chartered bank in Oklahoma, BancFirst offers a comprehensive suite of financial services to individuals, businesses and government entities. Its core business activities include commercial and consumer banking, mortgage lending, treasury management, equipment financing and electronic banking solutions.

The bank operates a network of more than 60 branches across Oklahoma, serving urban centers such as Oklahoma City and Tulsa, as well as rural communities throughout the state.