BancFirst (NASDAQ:BANF) Director David Rainbolt Sells 81,492 Shares of Stock

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 81,492 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $116.71, for a total value of $9,510,931.32. Following the sale, the director owned 55,551 shares of the company’s stock, valued at approximately $6,483,357.21. The trade was a 59.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

BancFirst Trading Down 1.9%

Shares of BANF opened at $113.47 on Thursday. The stock’s fifty day simple moving average is $113.22 and its 200-day simple moving average is $112.24. The firm has a market capitalization of $3.81 billion, a PE ratio of 15.31 and a beta of 0.59. BancFirst Corporation has a 12-month low of $101.48 and a 12-month high of $138.77. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Friday, July 24th. The bank reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.16. BancFirst had a return on equity of 13.64% and a net margin of 31.96%.The firm had revenue of $187.49 million during the quarter, compared to analyst estimates of $178.53 million. As a group, research analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current year.

BancFirst Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of BancFirst by 7.6% in the 4th quarter. State Street Corp now owns 1,375,873 shares of the bank’s stock valued at $146,537,000 after buying an additional 96,957 shares during the period. Norges Bank acquired a new stake in BancFirst during the 4th quarter worth $27,723,000. Verition Fund Management LLC raised its stake in BancFirst by 30.8% during the 4th quarter. Verition Fund Management LLC now owns 168,591 shares of the bank’s stock worth $17,874,000 after buying an additional 39,672 shares during the period. Invesco Ltd. lifted its holdings in BancFirst by 73.4% during the third quarter. Invesco Ltd. now owns 163,512 shares of the bank’s stock worth $20,676,000 after acquiring an additional 69,192 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in BancFirst by 33.5% in the third quarter. Raymond James Financial Inc. now owns 134,175 shares of the bank’s stock valued at $16,966,000 after acquiring an additional 33,636 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

More BancFirst News

Here are the key news stories impacting BancFirst this week:

• Positive Sentiment: Zacks upgraded BancFirst from “hold” to “strong-buy,” potentially supporting investor sentiment and signaling confidence in the bank’s outlook. Zacks.com
• Positive Sentiment: BancFirst recently reported quarterly EPS of $1.96, exceeding the $1.80 consensus estimate, while revenue of $187.49 million also topped expectations. The bank posted a 13.64% return on equity and a 31.96% net margin, reinforcing its profitability profile.
• Positive Sentiment: The company maintains a quarterly dividend of $0.49 per share, equivalent to $1.96 annually and a yield of approximately 1.7%. Institutional ownership remains substantial at 51.72%, with several funds increasing their positions.
• Neutral Sentiment: Analyst sentiment remains mixed. The consensus rating is “Hold,” with an average price target of $124, while recent rating changes have ranged from “sell” to “hold” and “buy” to “hold.”
• Negative Sentiment: Director David E. Rainbolt sold a combined 123,950 shares between July 27 and July 29 for approximately $14.4 million. The transactions reduced his direct ownership by more than 80% across the reported filings, a notable insider-selling signal that may weigh on the stock despite the absence of a stated reason for the sales. BancFirst insider trading report

Analyst Ratings Changes

A number of brokerages have issued reports on BANF. DA Davidson reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of BancFirst in a research note on Friday, June 12th. Weiss Ratings cut shares of BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 16th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $124.00.

BancFirst Company Profile

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.