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

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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

BancFirst Price Performance

NASDAQ BANF traded up $0.10 on Wednesday, reaching $110.10. 76,560 shares of the company's stock traded hands, compared to its average volume of 83,049. BancFirst Co. has a 12 month low of $79.99 and a 12 month high of $115.62. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50-day simple moving average of $105.33 and a 200 day simple moving average of $95.87. The stock has a market cap of $3.63 billion, a PE ratio of 17.99 and a beta of 1.03.

BancFirst Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Monday, September 30th. This is a positive change from BancFirst's previous quarterly dividend of $0.43. BancFirst's dividend payout ratio is 30.07%.

Analysts Set New Price Targets

BANF has been the topic of several research analyst reports. Piper Sandler upped their price objective on shares of BancFirst from $84.50 to $95.00 and gave the stock an "underweight" rating in a research report on Monday, July 22nd. DA Davidson increased their price target on shares of BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday. Finally, StockNews.com cut shares of BancFirst from a "hold" rating to a "sell" rating in a research report on Wednesday, September 4th.

Institutional Trading of BancFirst

A number of institutional investors have recently made changes to their positions in BANF. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of BancFirst during the third quarter valued at approximately $38,000. Blue Trust Inc. boosted its stake in shares of BancFirst by 33.9% during the third quarter. Blue Trust Inc. now owns 391 shares of the bank's stock valued at $41,000 after purchasing an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in shares of BancFirst by 557.1% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank's stock valued at $45,000 after purchasing an additional 429 shares during the period. EntryPoint Capital LLC boosted its stake in shares of BancFirst by 56.8% during the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank's stock valued at $74,000 after purchasing an additional 305 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in shares of BancFirst during the second quarter valued at approximately $77,000. Hedge funds and other institutional investors own 51.72% of the company's stock.

About BancFirst

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.