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

BancFirst Corporation (NASDAQ:BANF) Director David Rainbolt sold 8,506 shares of the stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $115.00, for a total value of $978,190.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

BancFirst Stock Up 0.0%

NASDAQ:BANF opened at $115.72 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.04 and a current ratio of 1.03. The firm has a market cap of $3.89 billion, a P/E ratio of 15.62 and a beta of 0.61. BancFirst Corporation has a fifty-two week low of $101.48 and a fifty-two week high of $138.77. The firm has a 50-day simple moving average of $114.05 and a two-hundred day simple moving average of $112.38.

BancFirst (NASDAQ:BANF) last issued 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 net margin of 25.61% and a return on equity of 13.44%. The firm had revenue of $187.49 million for the quarter, compared to the consensus estimate of $178.53 million. Analysts predict that BancFirst Corporation will post 7.67 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The firm also recently disclosed 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 of this dividend was Tuesday, June 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.7%. BancFirst’s payout ratio is presently 26.45%.

Institutional Investors Weigh In On BancFirst

A number of institutional investors have recently bought and sold shares of the business. Fifth Third Bancorp boosted its stake in shares of BancFirst by 16,173.1% in the first quarter. Fifth Third Bancorp now owns 12,693 shares of the bank’s stock worth $1,377,000 after acquiring an additional 12,615 shares during the period. Quantinno Capital Management LP raised its stake in BancFirst by 377.1% during the 1st quarter. Quantinno Capital Management LP now owns 23,482 shares of the bank’s stock valued at $2,548,000 after purchasing an additional 18,560 shares during the period. Norges Bank bought a new stake in BancFirst during the 4th quarter valued at approximately $27,723,000. Edgestream Partners L.P. lifted its holdings in BancFirst by 645.7% in the 1st quarter. Edgestream Partners L.P. now owns 32,139 shares of the bank’s stock worth $3,487,000 after purchasing an additional 27,829 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in BancFirst by 21.8% in the 1st quarter. Sei Investments Co. now owns 44,699 shares of the bank’s stock worth $4,850,000 after purchasing an additional 7,986 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Weiss Ratings cut BancFirst from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th. Zacks Research upgraded BancFirst from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 27th. Wall Street Zen raised BancFirst from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. DA Davidson reaffirmed a “neutral” rating and set a $125.00 price objective on shares of BancFirst in a research report on Friday, June 12th. Finally, Keefe, Bruyette & Woods cut their price objective on BancFirst from $123.00 to $121.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $123.00.

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.