Insider Selling: BancFirst (NASDAQ:BANF) Director Sells $230,060.00 in Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 2,000 shares of BancFirst stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $115.03, for a total value of $230,060.00. Following the transaction, the director owned 11,506 shares of the company’s stock, valued at $1,323,535.18. The trade was a 14.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BancFirst Stock Down 0.3%

BANF stock opened at $113.01 on Friday. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 15.25 and a beta of 0.61. The business’s fifty day moving average price is $113.54 and its two-hundred day moving average price is $112.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.04 and a quick ratio of 1.04.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a net margin of 31.96% and a return on equity of 13.64%. The firm had revenue of $187.49 million for the quarter, compared to the consensus estimate of $178.53 million. On average, equities analysts anticipate that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on BANF. Weiss Ratings lowered BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods cut their price target on BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research note on Wednesday. Finally, DA Davidson reiterated a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.00.

Institutional Trading of BancFirst

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in BancFirst during the 2nd quarter valued at $356,054,000. Deutsche Bank AG purchased a new position in shares of BancFirst in the second quarter valued at about $2,750,000. OneDigital Investment Advisors LLC bought a new position in shares of BancFirst during the second quarter valued at about $701,000. Bank of New York Mellon Corp bought a new position in shares of BancFirst during the second quarter valued at about $17,920,000. Finally, State of Wyoming purchased a new stake in shares of BancFirst during the second quarter worth about $551,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

About BancFirst

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.