BancFirst Co. (NASDAQ:BANF) Major Shareholder Main Street Banking Partners L Sells 778 Shares

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 778 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total value of $85,580.00. Following the transaction, the insider now directly owns 4,941,772 shares of the company’s stock, valued at approximately $543,594,920. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The stock was sold at an average price of $105.46, for a total value of $2,332,142.44.

BancFirst Price Performance

Shares of BANF opened at $110.00 on Wednesday. The firm has a market cap of $3.63 billion, a PE ratio of 17.97 and a beta of 1.03. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $115.62. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The business’s 50 day moving average price is $105.12 and its two-hundred day moving average price is $95.69.

BancFirst Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.46 per share. 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. This represents a $1.84 annualized dividend and a yield of 1.67%. BancFirst’s dividend payout ratio is currently 30.07%.

Institutional Investors Weigh In On BancFirst

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co boosted its position in shares of BancFirst by 25.2% during the 1st quarter. Diversified Trust Co now owns 4,844 shares of the bank’s stock worth $426,000 after purchasing an additional 975 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in BancFirst by 557.1% during 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 during the period. SpiderRock Advisors LLC bought a new position in BancFirst in the first quarter worth approximately $257,000. BNP Paribas Financial Markets grew its stake in BancFirst by 85.7% in the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock valued at $967,000 after acquiring an additional 5,066 shares during the period. Finally, Texas Permanent School Fund Corp increased its holdings in shares of BancFirst by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank’s stock valued at $1,116,000 after acquiring an additional 168 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

BANF has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. StockNews.com cut shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, Piper Sandler boosted their target price on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd.

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.