Insider Selling: BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells 778 Shares of Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 778 shares of BancFirst stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $110.00, for a total value of $85,580.00. Following the completion of the sale, the insider now directly owns 4,941,772 shares of the company’s stock, valued at approximately $543,594,920. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, October 24th, Main Street Banking Partners L sold 1,750 shares of BancFirst stock. The stock was sold at an average price of $110.11, for a total value of $192,692.50.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44.

BancFirst Price Performance

BANF opened at $109.13 on Friday. The company has a 50 day moving average of $105.69 and a two-hundred day moving average of $96.06. BancFirst Co. has a 52-week low of $79.99 and a 52-week high of $115.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. The company has a market cap of $3.60 billion, a P/E ratio of 17.83 and a beta of 1.03.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.46 dividend. The ex-dividend date was Monday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.69%. BancFirst’s dividend payout ratio (DPR) is 30.07%.

Institutional Investors Weigh In On BancFirst

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in BancFirst by 32.7% during 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 in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of BancFirst by 31.5% during the third quarter. Louisiana State Employees Retirement System now owns 9,600 shares of the bank’s stock valued at $1,010,000 after purchasing an additional 2,300 shares during the period. International Assets Investment Management LLC acquired a new position in shares of BancFirst during the third quarter worth $112,370,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of BancFirst in the third quarter valued at $38,000. Finally, Raymond James & Associates grew its holdings in BancFirst by 4.1% during the 3rd quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock valued at $10,007,000 after purchasing an additional 3,720 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BANF. Piper Sandler upped their price target on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research report on Monday, July 22nd. StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Finally, DA Davidson boosted their price target on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday.

About BancFirst

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.