Insider Selling: BancFirst Co. (NASDAQ:BANF) Director Sells 10,371 Shares of Stock

BancFirst Co. (NASDAQ:BANF) Director Leslie Jeannine Rainbolt sold 10,371 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $105.02, for a total transaction of $1,089,162.42. Following the completion of the sale, the director now directly owns 4,944,702 shares of the company’s stock, valued at approximately $519,292,604.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BancFirst Price Performance

Shares of BANF stock opened at $104.72 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of 17.11 and a beta of 1.03. The company’s 50-day simple moving average is $101.72 and its two-hundred day simple moving average is $92.05. BancFirst Co. has a one year low of $79.99 and a one year high of $110.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97.

BancFirst (NASDAQ:BANF) last announced its quarterly earnings data on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.09. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. The company had revenue of $153.84 million for the quarter, compared to analysts’ expectations of $149.75 million. As a group, equities analysts anticipate that BancFirst Co. will post 6.07 EPS for the current year.

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.76%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. BancFirst’s dividend payout ratio is presently 28.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BANF shares. Piper Sandler raised their price target on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

Institutional Investors Weigh In On BancFirst

Several large investors have recently modified their holdings of the business. Norges Bank purchased a new position in BancFirst in the fourth quarter valued at about $23,802,000. Edgestream Partners L.P. purchased a new stake in BancFirst during the first quarter valued at approximately $4,274,000. Millennium Management LLC boosted its stake in BancFirst by 499.6% in the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after acquiring an additional 48,006 shares in the last quarter. BancFirst Trust & Investment Management increased its position in shares of BancFirst by 4.2% during the first quarter. BancFirst Trust & Investment Management now owns 1,127,415 shares of the bank’s stock worth $99,246,000 after purchasing an additional 45,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of BancFirst by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock valued at $87,888,000 after purchasing an additional 16,664 shares during the last quarter. Institutional investors own 51.72% of the company’s stock.

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.