Leslie Jeannine Rainbolt Sells 2,152 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) Director Leslie Jeannine Rainbolt sold 2,152 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $110.47, for a total transaction of $237,731.44. Following the completion of the transaction, the director now owns 4,942,550 shares of the company’s stock, valued at $546,003,498.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Leslie Jeannine Rainbolt also recently made the following trade(s):

• On Friday, September 13th, Leslie Jeannine Rainbolt sold 10,371 shares of BancFirst stock. The shares were sold at an average price of $105.02, for a total transaction of $1,089,162.42.

BancFirst Price Performance

Shares of BancFirst stock traded down $4.79 during midday trading on Monday, hitting $109.19. 105,916 shares of the company traded hands, compared to its average volume of 83,297. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 17.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average price is $104.88 and its 200-day moving average price is $95.52. BancFirst Co. has a 12 month low of $79.99 and a 12 month high of $115.62.

BancFirst (NASDAQ:BANF) last posted its earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a net margin of 23.46% and a return on equity of 13.89%. The firm had revenue of $153.84 million for the quarter, compared to analyst estimates of $149.75 million. As a group, sell-side analysts forecast that BancFirst Co. will post 6.09 earnings per share for the current year.

BancFirst Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s payout ratio is presently 30.07%.

Institutional Investors Weigh In On BancFirst

A number of institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock worth $41,000 after acquiring an additional 99 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in BancFirst by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,300 shares of the bank’s stock worth $640,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System grew its holdings in BancFirst by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 5,993 shares of the bank’s stock worth $526,000 after acquiring an additional 112 shares during the last quarter. Diversified Trust Co boosted its stake in shares of BancFirst by 2.6% in the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock valued at $436,000 after purchasing an additional 128 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of BancFirst by 3.9% in the 1st quarter. Inspire Investing LLC now owns 4,070 shares of the bank’s stock valued at $358,000 after purchasing an additional 152 shares during the last quarter. 51.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BANF has been the subject of several analyst reports. DA Davidson boosted their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Piper Sandler lifted their price target on shares of BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. Finally, StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th.

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.