David Rainbolt Sells 8,506 Shares of BancFirst (NASDAQ:BANF) Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 8,506 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total transaction of $978,190.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

BancFirst Trading Up 0.8%

Shares of BANF stock traded up $0.92 during trading on Thursday, hitting $115.22. 23,380 shares of the stock traded hands, compared to its average volume of 148,315. BancFirst Corporation has a 52-week low of $101.48 and a 52-week high of $138.77. The firm has a market capitalization of $3.87 billion, a P/E ratio of 15.54 and a beta of 0.61. The firm’s fifty day moving average price is $113.83 and its 200-day moving average price is $112.31. 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 posted its earnings results on Thursday, July 23rd. The bank reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.16. BancFirst had a return on equity of 13.64% and a net margin of 31.96%.The company had revenue of $187.49 million during the quarter, compared to analysts’ expectations of $178.53 million. As a group, research analysts forecast that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors 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 of this dividend was Tuesday, June 30th. BancFirst’s dividend payout ratio (DPR) is presently 26.45%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. purchased a new position in BancFirst in the 2nd quarter valued at approximately $1,532,000. Pinnacle Holdings LLC acquired a new stake in shares of BancFirst in the second quarter valued at $40,000. Quantbot Technologies LP acquired a new stake in shares of BancFirst in the second quarter valued at $985,000. Callan Family Office LLC purchased a new position in BancFirst in the second quarter valued at $3,671,000. Finally, Allworth Financial LP purchased a new position in BancFirst in the second quarter valued at $33,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

BANF has been the subject of several research analyst reports. Weiss Ratings lowered shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods lowered their price objective on shares of BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Zacks Research upgraded shares of BancFirst from a “hold” rating to a “strong-buy” rating in a report on Monday, July 27th. Finally, DA Davidson reissued a “neutral” rating and issued a $125.00 target price on shares of BancFirst in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

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.