Main Street Banking Partners L Sells 778 Shares of BancFirst Co. (NASDAQ:BANF) Stock

BancFirst Co. (NASDAQ:BANF - Get Free Report) major shareholder Main Street Banking Partners L sold 778 shares of BancFirst stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $110.00, for a total transaction of $85,580.00. Following the transaction, the insider now directly owns 4,941,772 shares in the company, valued at $543,594,920. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, September 9th, Main Street Banking Partners L sold 22,114 shares of BancFirst stock. The shares were sold at an average price of $105.46, for a total transaction of $2,332,142.44.

BancFirst Price Performance

NASDAQ BANF traded up $0.81 during trading hours on Tuesday, reaching $110.00. The company's stock had a trading volume of 39,371 shares, compared to its average volume of 83,081. The stock has a market cap of $3.63 billion, a PE ratio of 17.97 and a beta of 1.03. BancFirst Co. has a fifty-two week low of $79.99 and a fifty-two week high of $115.62. The company's 50-day moving average is $105.12 and its two-hundred day moving average is $95.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.97 and a current ratio of 0.97.

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 given a $0.46 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from BancFirst's previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.67%. BancFirst's dividend payout ratio (DPR) is currently 30.07%.

Institutional Investors Weigh In On BancFirst

Several hedge funds have recently modified their holdings of the stock. BancFirst Trust & Investment Management raised its holdings in BancFirst by 50.8% in the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank's stock valued at $177,936,000 after buying an additional 573,224 shares during the period. Edgestream Partners L.P. acquired a new position in shares of BancFirst during the first quarter valued at $4,274,000. Millennium Management LLC boosted its holdings in shares of BancFirst by 499.6% during the second quarter. Millennium Management LLC now owns 57,614 shares of the bank's stock valued at $5,053,000 after acquiring an additional 48,006 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of BancFirst by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank's stock valued at $87,888,000 after acquiring an additional 16,664 shares during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in shares of BancFirst by 255.9% during the second quarter. Los Angeles Capital Management LLC now owns 15,750 shares of the bank's stock valued at $1,381,000 after acquiring an additional 11,324 shares during the period. 51.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BANF. DA Davidson boosted their price target on shares of BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a report on Monday. Piper Sandler upped their target price on shares of BancFirst from $84.50 to $95.00 and gave the company an "underweight" rating in a report on Monday, July 22nd. Finally, StockNews.com cut 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.

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