BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells $2,705,358.38 in Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 24,421 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $110.78, for a total transaction of $2,705,358.38. Following the completion of the sale, the insider now owns 4,910,000 shares of the company’s stock, valued at $543,929,800. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Main Street Banking Partners L also recently made the following trade(s):

• On Thursday, October 24th, Main Street Banking Partners L sold 1,750 shares of BancFirst stock. The stock was sold at an average price of $110.11, for a total transaction of $192,692.50.
• On Tuesday, October 22nd, Main Street Banking Partners L sold 778 shares of BancFirst stock. The stock was sold at an average price of $110.00, for a total transaction of $85,580.00.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44.

BancFirst Stock Performance

Shares of BANF opened at $108.71 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $106.32 and a 200-day simple moving average of $96.87. BancFirst Co. has a 52-week low of $80.28 and a 52-week high of $115.62. The company has a market capitalization of $3.59 billion, a PE ratio of 17.48 and a beta of 1.03.

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.46 per share. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, September 30th. BancFirst’s dividend payout ratio (DPR) is 29.58%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BANF. Piper Sandler increased their price target on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, DA Davidson increased their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, October 21st.

Hedge Funds Weigh In On BancFirst

Several hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its holdings in BancFirst by 40.2% during the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank’s stock valued at $10,659,000 after acquiring an additional 29,050 shares in the last quarter. Amalgamated Bank increased its holdings in BancFirst by 26.2% during the 3rd quarter. Amalgamated Bank now owns 5,827 shares of the bank’s stock valued at $613,000 after acquiring an additional 1,211 shares in the last quarter. Rosenthal Henry Capital Advisors Inc. grew its holdings in shares of BancFirst by 2.2% during the third quarter. Rosenthal Henry Capital Advisors Inc. now owns 28,002 shares of the bank’s stock worth $2,947,000 after buying an additional 600 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of BancFirst by 35.1% during the third quarter. New York State Teachers Retirement System now owns 4,237 shares of the bank’s stock worth $446,000 after buying an additional 1,100 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of BancFirst by 32.7% during the third quarter. State of Alaska Department of Revenue now owns 11,306 shares of the bank’s stock worth $1,189,000 after buying an additional 2,783 shares in the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

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.