Main Street Banking Partners L Sells 22,114 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 22,114 shares of BancFirst stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44. Following the completion of the sale, the insider now owns 4,958,095 shares of the company’s stock, valued at approximately $522,880,698.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

BancFirst Stock Down 0.2 %

BancFirst stock opened at $104.67 on Thursday. The firm has a market capitalization of $3.45 billion, a P/E ratio of 17.10 and a beta of 1.03. The stock’s fifty day simple moving average is $101.00 and its 200-day simple moving average is $91.84. BancFirst Co. has a twelve month low of $79.99 and a twelve month high of $110.79. 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 (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, July 18th. The bank reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.09. BancFirst had a return on equity of 13.89% and a net margin of 23.46%. The company had revenue of $153.84 million for the quarter, compared to analyst estimates of $149.75 million. As a group, equities analysts expect that BancFirst Co. will post 6.07 earnings per share for the current fiscal year.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.46 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s payout ratio is currently 30.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in shares of 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 purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted 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 buying an additional 112 shares during the last quarter. Diversified Trust Co boosted its position in shares of BancFirst by 2.6% during the 2nd quarter. Diversified Trust Co now owns 4,972 shares of the bank’s stock worth $436,000 after acquiring an additional 128 shares in the last quarter. Inspire Investing LLC increased its holdings 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 acquiring an additional 152 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of BancFirst by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 12,682 shares of the bank’s stock worth $1,116,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 51.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on BANF. Piper Sandler boosted their price objective on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a report on Monday, July 22nd. StockNews.com lowered shares of BancFirst from a “hold” rating to a “sell” rating in a research note 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.