BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells $192,692.50 in Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 1,750 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $110.11, for a total transaction of $192,692.50. Following the transaction, the insider now directly owns 4,934,421 shares of the company’s stock, valued at approximately $543,329,096.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• 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 value of $85,580.00.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The stock was sold at an average price of $105.46, for a total value of $2,332,142.44.

BancFirst Stock Down 1.7 %

NASDAQ BANF opened at $107.26 on Friday. The stock has a market cap of $3.54 billion, a PE ratio of 17.53 and a beta of 1.03. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $115.62. The business has a 50 day moving average price of $105.78 and a two-hundred day moving average price of $96.28. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date was Monday, September 30th. This is a boost from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is currently 30.07%.

Hedge Funds Weigh In On BancFirst

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System boosted its holdings in BancFirst by 35.1% in the 3rd quarter. New York State Teachers Retirement System now owns 4,237 shares of the bank’s stock worth $446,000 after acquiring an additional 1,100 shares during the period. State of Alaska Department of Revenue boosted its holdings in BancFirst by 32.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,306 shares of the bank’s stock worth $1,189,000 after acquiring an additional 2,783 shares during the period. Louisiana State Employees Retirement System boosted its holdings in BancFirst by 31.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the bank’s stock worth $1,010,000 after acquiring an additional 2,300 shares during the period. International Assets Investment Management LLC acquired a new position in shares of BancFirst in the 3rd quarter valued at approximately $112,370,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BancFirst in the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Wall Street Analysts Forecast Growth

BANF has been the subject of a number of research reports. StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Piper Sandler boosted their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. Finally, DA Davidson boosted their target price on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, October 21st.

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.