BancFirst Co. (NASDAQ:BANF) Director Sells $149,290.12 in Stock

BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt sold 1,414 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $105.58, for a total transaction of $149,290.12. Following the completion of the sale, the director now owns 223,402 shares of the company’s stock, valued at approximately $23,586,783.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BancFirst Stock Performance

Shares of BANF opened at $103.26 on Thursday. The company has a 50-day moving average of $99.34 and a two-hundred day moving average of $91.30. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The stock has a market cap of $3.41 billion, a P/E ratio of 16.87 and a beta of 1.04. BancFirst Co. has a 12-month low of $79.99 and a 12-month high of $110.79.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. The business had revenue of $153.84 million during the quarter, compared to analyst estimates of $149.75 million. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. As a group, research analysts predict that BancFirst Co. will post 6.07 EPS for the current fiscal year.

BancFirst Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is currently 28.10%.

Hedge Funds Weigh In On BancFirst

A number of institutional investors have recently modified their holdings of BANF. International Assets Investment Management LLC acquired a new position in shares of BancFirst in the fourth quarter valued at approximately $8,818,000. New York State Common Retirement Fund grew its holdings in BancFirst by 4.4% in the fourth quarter. New York State Common Retirement Fund now owns 9,500 shares of the bank’s stock valued at $925,000 after purchasing an additional 399 shares during the period. GAMMA Investing LLC purchased a new stake in BancFirst in the fourth quarter valued at approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in BancFirst in the fourth quarter valued at approximately $467,000. Finally, Apollon Wealth Management LLC purchased a new stake in BancFirst in the fourth quarter valued at approximately $283,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

BANF has been the subject of a number of research reports. Piper Sandler lifted their target price on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday.

BancFirst Company Profile

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.