David Rainbolt Sells 12,718 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 12,718 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $115.05, for a total transaction of $1,463,205.90. Following the completion of the sale, the director owned 42,833 shares of the company’s stock, valued at approximately $4,927,936.65. This trade represents a 22.89% 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 Trading Down 1.2%

Shares of BancFirst stock opened at $112.16 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $3.77 billion, a P/E ratio of 15.14 and a beta of 0.59. BancFirst Corporation has a 1 year low of $101.48 and a 1 year high of $138.77. The company’s fifty day moving average is $113.23 and its two-hundred day moving average is $112.25.

BancFirst (NASDAQ:BANF) last announced its earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.16. The business had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. Analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BANF shares. DA Davidson reiterated a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a research report on Friday, June 12th. Wall Street Zen raised shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded shares of BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, BancFirst has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Hedge Funds Weigh In On BancFirst

Large investors have recently made changes to their positions in the stock. Quarry LP grew its position in BancFirst by 531.4% during the third quarter. Quarry LP now owns 221 shares of the bank’s stock worth $28,000 after buying an additional 186 shares during the period. Allworth Financial LP lifted its position in shares of BancFirst by 47.5% during the 3rd quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of BancFirst during the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC acquired a new stake in shares of BancFirst in the 4th quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC raised its holdings in BancFirst by 957.9% during the second quarter. EverSource Wealth Advisors LLC now owns 402 shares of the bank’s stock worth $50,000 after purchasing an additional 364 shares during the last quarter. 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.