BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 6,219 Shares

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 6,219 shares of BancFirst stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $115.07, for a total value of $715,620.33. Following the transaction, the director directly owned 175,784 shares in the company, valued at $20,227,464.88. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BancFirst Trading Down 1.1%

BANF traded down $1.27 during midday trading on Thursday, hitting $113.24. 122,048 shares of the company were exchanged, compared to its average volume of 134,442. The firm has a market capitalization of $3.80 billion, a P/E ratio of 15.51 and a beta of 0.60. BancFirst Corporation has a 1-year low of $101.48 and a 1-year high of $138.77. The firm’s 50 day moving average price is $110.81 and its 200-day moving average price is $111.32. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last announced its earnings results on Thursday, April 16th. The bank reported $1.85 EPS for the quarter, topping the consensus estimate of $1.77 by $0.08. The firm had revenue of $179.00 million for the quarter, compared to the consensus estimate of $177.19 million. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.During the same period in the previous year, the business earned $1.66 EPS. As a group, equities analysts forecast that BancFirst Corporation will post 7.36 EPS for the current fiscal year.

BancFirst Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.96 annualized dividend and a yield of 1.7%. BancFirst’s payout ratio is presently 26.85%.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. DA Davidson reissued a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a research note on Monday, April 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, BancFirst has a consensus rating of “Hold” and a consensus target price of $124.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. lifted its stake in shares of BancFirst by 49.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 45,208 shares of the bank’s stock valued at $5,717,000 after purchasing an additional 14,947 shares during the period. Principal Financial Group Inc. lifted its stake in shares of BancFirst by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 113,346 shares of the bank’s stock valued at $14,333,000 after purchasing an additional 14,333 shares during the period. Clark Capital Management Group Inc. lifted its stake in shares of BancFirst by 37.6% in the 3rd quarter. Clark Capital Management Group Inc. now owns 62,605 shares of the bank’s stock valued at $7,916,000 after purchasing an additional 17,092 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of BancFirst by 18.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 80,535 shares of the bank’s stock valued at $10,184,000 after purchasing an additional 12,535 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of BancFirst by 1,012.1% in the 4th quarter. SG Americas Securities LLC now owns 11,722 shares of the bank’s stock valued at $1,243,000 after purchasing an additional 10,668 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

About BancFirst

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.