BancFirst Co. (NASDAQ:BANF) Director Sells $1,089,162.42 in Stock

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

BancFirst Stock Performance

BANF opened at $104.72 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 12-month low of $79.99 and a 12-month high of $110.79. The business has a 50 day moving average of $101.72 and a 200-day moving average of $92.12. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 17.11 and a beta of 1.03.

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

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.46 dividend. This is a boost from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 1.76%. The ex-dividend date is Monday, September 30th. BancFirst’s dividend payout ratio is currently 30.07%.

Institutional Investors Weigh In On BancFirst

Institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in BancFirst during the 2nd quarter worth approximately $277,000. Point72 Asset Management L.P. acquired a new stake in shares of BancFirst during the second quarter worth $114,000. Creative Planning boosted its position in shares of BancFirst by 47.8% in the second quarter. Creative Planning now owns 9,210 shares of the bank’s stock valued at $808,000 after acquiring an additional 2,979 shares during the period. Algert Global LLC grew its stake in shares of BancFirst by 42.0% in the second quarter. Algert Global LLC now owns 11,445 shares of the bank’s stock valued at $1,004,000 after acquiring an additional 3,387 shares in the last quarter. Finally, Millennium Management LLC increased its position in BancFirst by 499.6% during the second quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after acquiring an additional 48,006 shares during the period. Institutional investors own 51.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BANF. Piper Sandler upped their price objective 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 downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

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.