BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells $192,692.50 in Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 1,750 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $110.11, for a total transaction of $192,692.50. Following the sale, the insider now owns 4,934,421 shares in the company, valued at $543,329,096.31. 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 this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Main Street Banking Partners L also recently made the following trade(s):

• On Tuesday, October 22nd, Main Street Banking Partners L sold 778 shares of BancFirst stock. The stock was sold at an average price of $110.00, for a total value of $85,580.00.
• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The stock was sold at an average price of $105.46, for a total value of $2,332,142.44.

BancFirst Trading Down 1.7 %

Shares of BANF stock opened at $107.26 on Friday. The firm has a 50-day moving average price of $105.78 and a 200 day moving average price of $96.28. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $115.62. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 17.53 and a beta of 1.03. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06.

BancFirst Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.46 dividend. This is an increase from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.84 annualized dividend and a yield of 1.72%. BancFirst’s payout ratio is presently 30.07%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BANF. Whittier Trust Co. of Nevada Inc. acquired a new position in BancFirst in the 3rd quarter valued at about $38,000. Blue Trust Inc. increased its stake in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after acquiring an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of BancFirst by 557.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after acquiring an additional 429 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of BancFirst by 56.8% during the 1st quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after acquiring an additional 305 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of BancFirst during the 2nd quarter valued at about $77,000. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com downgraded BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. DA Davidson lifted 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. Finally, Piper Sandler lifted 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.

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.