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

by · The Markets Daily

BancFirst 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

(Get Free Report)

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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