BancFirst Co. (NASDAQ:BANF) Director David E. Rainbolt Sells 5,601 Shares
by Mitch Edgeman · The Markets DailyBancFirst Co. (NASDAQ:BANF – Get Free Report) Director David E. Rainbolt sold 5,601 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $110.21, for a total transaction of $617,286.21. Following the completion of the transaction, the director now owns 208,723 shares in the company, valued at approximately $23,003,361.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
BancFirst Price Performance
BancFirst stock opened at $107.26 on Friday. The company’s 50 day moving average is $105.78 and its two-hundred day moving average is $96.21. The firm has a market cap of $3.54 billion, a PE ratio of 17.53 and a beta of 1.03. 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 52-week low of $79.99 and a 52-week high of $115.62.
BancFirst Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from BancFirst’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 1.72%. BancFirst’s dividend payout ratio (DPR) is 30.07%.
Institutional Investors Weigh In On BancFirst
Several large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in shares of BancFirst by 58.8% in the 1st quarter. Sei Investments Co. now owns 24,140 shares of the bank’s stock valued at $2,125,000 after buying an additional 8,939 shares during the period. BNP Paribas Financial Markets raised its holdings in BancFirst by 85.7% in the first quarter. BNP Paribas Financial Markets now owns 10,980 shares of the bank’s stock valued at $967,000 after acquiring an additional 5,066 shares in the last quarter. Janus Henderson Group PLC lifted its stake in BancFirst by 87.5% in the first quarter. Janus Henderson Group PLC now owns 21,296 shares of the bank’s stock worth $1,874,000 after acquiring an additional 9,936 shares during the last quarter. Edgestream Partners L.P. acquired a new position in BancFirst during the 1st quarter worth approximately $4,274,000. Finally, Millennium Management LLC increased its position in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock valued at $5,053,000 after purchasing an additional 48,006 shares during the last quarter. Hedge funds and other institutional investors own 51.72% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. DA Davidson upped their price target on BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Piper Sandler increased their target price on BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a research note on Monday, July 22nd. Finally, StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.
View Our Latest Stock Analysis on BancFirst
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.
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