BancFirst (NASDAQ:BANF) Director Sells $3,464,412.60 in Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 29,740 shares of the business’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $116.49, for a total transaction of $3,464,412.60. Following the transaction, the director owned 137,043 shares in the company, valued at $15,964,139.07. This represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BancFirst Stock Down 1.2%

Shares of BANF opened at $112.16 on Friday. The firm’s 50-day simple moving average is $113.23 and its 200 day simple moving average is $112.25. The firm has a market cap of $3.77 billion, a P/E ratio of 15.14 and a beta of 0.59. BancFirst Corporation has a 52 week low of $101.48 and a 52 week high of $138.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.04.

BancFirst (NASDAQ:BANF) last released its quarterly earnings results on Friday, July 24th. The bank reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.16. The company had revenue of $187.49 million during the quarter, compared to the consensus estimate of $178.53 million. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. On average, analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is 26.45%.

Institutional Trading of BancFirst

Several large investors have recently added to or reduced their stakes in BANF. Edgestream Partners L.P. raised its holdings in BancFirst by 645.7% in the first quarter. Edgestream Partners L.P. now owns 32,139 shares of the bank’s stock worth $3,487,000 after purchasing an additional 27,829 shares in the last quarter. Royal Bank of Canada boosted its position in shares of BancFirst by 17.1% during the first quarter. Royal Bank of Canada now owns 28,169 shares of the bank’s stock valued at $3,056,000 after buying an additional 4,123 shares during the last quarter. Quantinno Capital Management LP grew its position in BancFirst by 377.1% in the 1st quarter. Quantinno Capital Management LP now owns 23,482 shares of the bank’s stock worth $2,548,000 after purchasing an additional 18,560 shares during the period. Lazard Asset Management LLC lifted its holdings in BancFirst by 1.8% in the first quarter. Lazard Asset Management LLC now owns 11,643 shares of the bank’s stock valued at $1,263,000 after acquiring an additional 201 shares during the period. Finally, Entropy Technologies LP boosted its holdings in shares of BancFirst by 42.1% in the first quarter. Entropy Technologies LP now owns 7,394 shares of the bank’s stock worth $802,000 after buying an additional 2,192 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $125.00 price target on shares of BancFirst in a research note on Friday, June 12th. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Weiss Ratings lowered BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Finally, Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, BancFirst has a consensus rating of “Moderate Buy” and an average target price of $124.00.

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.