Insider Selling: BancFirst Co. (NASDAQ:BANF) Major Shareholder Sells 1,750 Shares of Stock

BancFirst Co. (NASDAQ:BANF) major shareholder Main Street Banking Partners L sold 1,750 shares of BancFirst stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $110.11, for a total transaction of $192,692.50. Following the completion of the sale, the insider now directly owns 4,934,421 shares in the company, valued at approximately $543,329,096.31. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 transaction 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 transaction of $2,332,142.44.

BancFirst Stock Down 0.9 %

Shares of NASDAQ BANF opened at $109.13 on Friday. BancFirst Co. has a 12-month low of $79.99 and a 12-month high of $115.62. The company has a market capitalization of $3.60 billion, a PE ratio of 17.83 and a beta of 1.03. 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 firm’s 50-day moving average is $105.69 and its two-hundred day moving average is $96.06.

BancFirst Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, September 30th. This is an increase from BancFirst’s previous quarterly dividend of $0.43. BancFirst’s dividend payout ratio is 30.07%.

Analysts Set New Price Targets

A number of research firms recently commented on BANF. Piper Sandler boosted their price objective on shares of BancFirst from $84.50 to $95.00 and gave the stock an “underweight” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a report on Wednesday, September 4th. Finally, DA Davidson boosted their price objective on shares of BancFirst from $104.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday.

Institutional Trading of BancFirst

Several institutional investors and hedge funds have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of BancFirst in the third quarter valued at approximately $38,000. Blue Trust Inc. raised its position in shares of BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank’s stock valued at $41,000 after buying an additional 99 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of BancFirst by 557.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 506 shares of the bank’s stock valued at $45,000 after buying an additional 429 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of BancFirst by 56.8% in the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank’s stock valued at $74,000 after buying an additional 305 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in shares of BancFirst in 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.