BancFirst (NASDAQ:BANF) Director Sells $74,763.00 in Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 650 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $115.02, for a total value of $74,763.00. Following the completion of the transaction, the director directly owned 206,823 shares of the company’s stock, valued at $23,788,781.46. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

BancFirst Stock Performance

Shares of BANF opened at $113.53 on Monday. The stock has a 50 day moving average price of $111.05 and a 200 day moving average price of $111.65. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 15.55 and a beta of 0.61. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings results on Thursday, April 16th. The bank reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $179.00 million during the quarter, compared to the consensus estimate of $177.19 million. BancFirst had a return on equity of 13.84% and a net margin of 31.71%.During the same period in the prior year, the company posted $1.66 earnings per share. Research analysts predict that BancFirst Corporation will post 7.36 EPS for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, March 31st. BancFirst’s dividend payout ratio is 26.85%.

Wall Street Analysts Forecast Growth

BANF has been the subject of a number of research analyst reports. Weiss Ratings raised BancFirst from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, April 16th. Keefe, Bruyette & Woods increased their price objective on BancFirst from $120.00 to $123.00 and gave the company a “market perform” rating in a report on Friday, January 23rd. Finally, DA Davidson reissued a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a report on Monday, April 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.00.

Institutional Investors Weigh In On BancFirst

Large investors have recently modified their holdings of the company. Quarry LP boosted its holdings 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 acquiring an additional 186 shares during the period. Cullen Frost Bankers Inc. acquired a new stake in shares of BancFirst in the third quarter valued at approximately $35,000. Allworth Financial LP boosted its holdings in shares of BancFirst by 47.5% in the third quarter. Allworth Financial LP now owns 295 shares of the bank’s stock valued at $37,000 after acquiring an additional 95 shares during the period. Eagle Bay Advisors LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at approximately $40,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of BancFirst in the fourth quarter valued at approximately $41,000. 51.72% of the stock is owned by institutional investors and hedge funds.

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.