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

On October 23rd, David E. Rainbolt, a director at BancFirst Co. (NASDAQ:BANF - Get Free Report), completed the sale of 5,601 shares of the company's stock. The shares were sold at an average price of $110.21 each, resulting in a total transaction value of $617,286.21. After this sale, Rainbolt retains ownership of 208,723 shares, which are currently worth about $23,003,361.83. This transaction represents a 0.00% decrease in his total ownership of the stock. The sale was reported in a legal filing with the SEC, accessible via the SEC's website.

BancFirst Stock Performance

On the day of the sale, BancFirst's stock traded higher, climbing $0.10 to reach $110.10. In total, 76,560 shares changed hands, compared to the average trading volume of 83,049. Over the past year, the company's stock has seen a low of $79.99 and a high of $115.62. Currently, BancFirst has a market capitalization of $3.63 billion, a PE ratio of 17.99, and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, and both its current and quick ratios stand at 0.97. Additionally, the stock maintains a 50-day simple moving average of $105.33 and a 200-day simple moving average of $95.87.

BancFirst Dividend Announcement

Recently, BancFirst disclosed the payment of a quarterly dividend, which was issued on October 15th. Shareholders who were on record as of September 30th received a dividend of $0.46 per share. This amounts to an annual dividend of $1.84, yielding 1.67%. The ex-dividend date was also September 30th. This dividend marks an increase from the previous quarterly dividend of $0.43, with a current dividend payout ratio of 30.07%.

Recent Analyst Insights

Several analysts have recently updated their price targets for BancFirst. Piper Sandler increased their target from $84.50 to $95.00, rating the stock as “underweight” in their report dated July 22nd. Meanwhile, DA Davidson raised their price target from $104.00 to $110.00 and maintained a “neutral” rating. On the other hand, StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating on September 4th.

Institutional Investment Activity

Various institutional investors have also made adjustments to their holdings in BancFirst recently. For instance, Whittier Trust Co. of Nevada Inc. purchased shares worth approximately $38,000 in the third quarter. Additionally, Blue Trust Inc. increased its stake by 33.9%, now holding 391 shares valued at $41,000 after buying 99 additional shares. Benjamin F. Edwards & Company Inc. notably boosted its stake by 557.1% in the first quarter, owning 506 shares valued at $45,000 following an increase of 429 shares. ENTRYPOINT Capital LLC raised its stake by 56.8%, now owning 842 shares worth $74,000 after purchasing 305 more shares. Point72 DIFC Ltd also entered a new investment position worth about $77,000 during the second quarter. Overall, institutional investors control about 51.72% of the company's stock.

About BancFirst

BancFirst Corporation serves as the banking holding company for BancFirst, providing a variety of commercial banking services to retail consumers and small to medium-sized businesses. The company operates through different segments, including BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and other financial service offerings.

BancFirst, stock, sale