David Rainbolt Sells 81,492 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 81,492 shares of the stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total transaction of $9,510,931.32. Following the transaction, the director owned 55,551 shares of the company’s stock, valued at $6,483,357.21. The trade was a 59.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

BancFirst Stock Down 1.2%

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

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Friday, July 24th. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. The company 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%. On average, equities analysts predict that BancFirst Corporation will post 7.67 EPS for the current fiscal year.

BancFirst Announces Dividend

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

Hedge Funds Weigh In On BancFirst

Institutional investors have recently bought and sold shares of the business. Edgestream Partners L.P. lifted its position in shares of BancFirst by 645.7% in the first quarter. Edgestream Partners L.P. now owns 32,139 shares of the bank’s stock valued at $3,487,000 after buying an additional 27,829 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of BancFirst by 17.1% during the 1st quarter. Royal Bank of Canada now owns 28,169 shares of the bank’s stock worth $3,056,000 after acquiring an additional 4,123 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of BancFirst by 377.1% during the 1st quarter. Quantinno Capital Management LP now owns 23,482 shares of the bank’s stock worth $2,548,000 after acquiring an additional 18,560 shares during the last quarter. Lazard Asset Management LLC raised its stake in BancFirst by 1.8% in the 1st quarter. Lazard Asset Management LLC now owns 11,643 shares of the bank’s stock valued at $1,263,000 after acquiring an additional 201 shares during the period. Finally, Entropy Technologies LP raised its stake in BancFirst by 42.1% in the 1st quarter. Entropy Technologies LP now owns 7,394 shares of the bank’s stock valued at $802,000 after acquiring an additional 2,192 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

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

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.