Insider Selling: BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells 1,750 Shares of Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 1,750 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $110.11, for a total transaction of $192,692.50. Following the completion of the transaction, the insider now owns 4,934,421 shares in the company, valued at $543,329,096.31. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Main Street Banking Partners L also recently made the following trade(s):

• On Tuesday, October 22nd, Main Street Banking Partners L sold 778 shares of BancFirst stock. The stock was sold at an average price of $110.00, for a total transaction of $85,580.00.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44.

BancFirst Price Performance

Shares of BANF stock traded down $0.97 during trading on Thursday, hitting $109.13. The company had a trading volume of 63,740 shares, compared to its average volume of 82,955. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.83 and a beta of 1.03. The stock’s 50-day moving average is $105.54 and its two-hundred 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. BancFirst Co. has a 52 week low of $79.99 and a 52 week high of $115.62.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is 30.07%.

Wall Street Analyst Weigh In

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

Institutional Trading of BancFirst

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BANF. Whittier Trust Co. of Nevada Inc. bought a new position in BancFirst in the third quarter worth $38,000. Blue Trust Inc. increased its holdings in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in BancFirst by 557.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock worth $45,000 after buying an additional 429 shares in the last quarter. EntryPoint Capital LLC boosted its position in BancFirst by 56.8% in the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after purchasing an additional 305 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in BancFirst in the second quarter worth about $77,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

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.