David E. Rainbolt Sells 18,376 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt sold 18,376 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $106.22, for a total value of $1,951,898.72. Following the completion of the sale, the director now directly owns 223,874 shares of the company’s stock, valued at $23,779,896.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

BancFirst Stock Performance

Shares of BANF stock opened at $106.40 on Friday. The stock has a market capitalization of $3.51 billion, a PE ratio of 17.39 and a beta of 1.04. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $110.79. The stock’s 50-day moving average price is $98.17 and its 200 day moving average price is $90.98. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.06.

BancFirst (NASDAQ:BANF) last issued its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.09. The firm had revenue of $153.84 million for the quarter, compared to analysts’ expectations of $149.75 million. BancFirst had a return on equity of 14.10% and a net margin of 29.64%. As a group, equities research analysts forecast that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is 30.07%.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in BancFirst during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new position in BancFirst during the 1st quarter worth approximately $35,000. Benjamin F. Edwards & Company Inc. increased its position 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 purchasing an additional 429 shares during the period. EntryPoint Capital LLC increased its position in BancFirst by 56.8% during the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock worth $74,000 after purchasing an additional 305 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in BancFirst during the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. StockNews.com raised BancFirst from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Piper Sandler boosted their target price on 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.