BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 8,506 Shares

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 8,506 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $115.00, for a total transaction of $978,190.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BancFirst Trading Up 1.2%

NASDAQ:BANF opened at $115.68 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 firm has a market cap of $3.89 billion, a price-to-earnings ratio of 15.61 and a beta of 0.61. BancFirst Corporation has a 52 week low of $101.48 and a 52 week high of $138.77. The firm has a 50-day moving average price of $113.94 and a two-hundred day moving average price of $112.36.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 23rd. The bank reported $1.96 EPS for the quarter, topping the consensus estimate of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The firm had revenue of $187.49 million for the quarter, compared to analysts’ expectations of $178.53 million. On average, equities analysts expect that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is 26.45%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP grew its position in shares of BancFirst by 531.4% in the third quarter. Quarry LP now owns 221 shares of the bank’s stock valued at $28,000 after purchasing an additional 186 shares in the last quarter. Allworth Financial LP purchased a new stake in BancFirst during the 2nd quarter worth about $33,000. Eagle Bay Advisors LLC bought a new position in BancFirst in the 4th quarter worth about $40,000. Pinnacle Holdings LLC bought a new position in BancFirst in the 2nd quarter worth about $40,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of BancFirst during the fourth quarter valued at about $41,000. Institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on BANF shares. Weiss Ratings lowered BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. DA Davidson restated a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a report on Friday, June 12th. Zacks Research raised shares of BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $123.00.

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.