BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt Sells 5,601 Shares

BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt sold 5,601 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $110.21, for a total value of $617,286.21. Following the completion of the sale, the director now directly owns 208,723 shares of the company’s stock, valued at $23,003,361.83. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

BancFirst Stock Up 0.1 %

BancFirst stock traded up $0.10 on Wednesday, hitting $110.10. 76,560 shares of the stock traded hands, compared to its average volume of 83,049. BancFirst Co. has a 1 year low of $79.99 and a 1 year high of $115.62. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $105.33 and its 200 day simple moving average is $95.87. The firm has a market cap of $3.63 billion, a P/E ratio of 17.99 and a beta of 1.03.

BancFirst Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. BancFirst’s dividend payout ratio (DPR) is presently 30.07%.

Analyst Ratings Changes

A number of analysts recently commented on the company. 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. DA Davidson raised their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Finally, StockNews.com lowered BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

Hedge Funds Weigh In On BancFirst

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. increased its holdings in BancFirst by 33.9% in the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after buying an additional 99 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in BancFirst by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its holdings in BancFirst by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after buying an additional 112 shares in the last quarter. Diversified Trust Co increased its holdings in BancFirst by 2.6% in the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after buying an additional 128 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in BancFirst by 3.9% in the first quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock worth $358,000 after purchasing an additional 152 shares during the last quarter. 51.72% of the stock is currently owned by institutional investors.

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.