BancFirst Co. (NASDAQ:BANF) Director Sells $1,089,162.42 in Stock

BancFirst Co. (NASDAQ:BANF) Director Leslie Jeannine Rainbolt sold 10,371 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $105.02, for a total value of $1,089,162.42. Following the completion of the sale, the director now directly owns 4,944,702 shares in the company, valued at approximately $519,292,604.04. The transaction was disclosed in a document filed with the SEC, which is available through this link.

BancFirst Price Performance

Shares of NASDAQ BANF opened at $104.72 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $110.79. The firm has a market capitalization of $3.45 billion, a PE ratio of 17.11 and a beta of 1.03. The stock’s 50-day simple moving average is $101.72 and its 200-day simple moving average is $92.08.

BancFirst (NASDAQ:BANF) last issued its earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.09. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. The business had revenue of $153.84 million for the quarter, compared to analyst estimates of $149.75 million. As a group, equities research analysts forecast that BancFirst Co. will post 6.07 EPS for the current fiscal year.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio (DPR) is currently 30.07%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BANF. StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Piper Sandler increased their price target on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BANF. Charles Schwab Investment Management Inc. grew its stake in BancFirst by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 169,562 shares of the bank’s stock worth $16,503,000 after buying an additional 12,457 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in BancFirst by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 963,163 shares of the bank’s stock worth $93,748,000 after buying an additional 9,751 shares during the last quarter. Norges Bank purchased a new position in BancFirst during the 4th quarter worth approximately $23,802,000. D.A. Davidson & CO. purchased a new position in BancFirst during the 4th quarter worth approximately $216,000. Finally, Quest Partners LLC purchased a new position in BancFirst during the 4th quarter worth approximately $305,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

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.