David Rainbolt Sells 2,000 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $115.03, for a total value of $230,060.00. Following the transaction, the director directly owned 11,506 shares of the company’s stock, valued at $1,323,535.18. This trade represents a 14.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

BancFirst Stock Down 0.3%

NASDAQ:BANF opened at $113.01 on Friday. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.25 and a beta of 0.61. BancFirst Corporation has a twelve month low of $101.48 and a twelve month high of $138.77. The stock’s 50 day moving average price is $113.54 and its two-hundred day moving average price is $112.35. 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 (NASDAQ:BANF) last released its earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to analysts’ expectations of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. Equities research analysts expect that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is 26.45%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BANF shares. Zacks Research raised shares of BancFirst from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. DA Davidson restated a “neutral” rating and issued a $125.00 price target on shares of BancFirst in a research report on Friday, June 12th. Weiss Ratings downgraded BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $123.00.

Institutional Inflows and Outflows

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