BancFirst Major Shareholder Sells $85,580 in Stock

BancFirst Co. (NASDAQ:BANF) has seen a significant transaction involving its major shareholder, Main Street Banking Partners L, who sold 778 shares on Tuesday, October 22nd. The shares were sold at an average price of $110.00, resulting in a total value of $85,580.00 for the transaction. After this sale, the insider retains ownership of 4,941,772 shares, totaling around $543,594,920 in value. This transaction represents a negligible decrease of 0.00% in their ownership share. The details of this sale have been disclosed in a document submitted to the SEC and can be accessed through their website.

In addition to this recent sale, Main Street Banking Partners L previously executed another notable transaction. On September 9th, they sold 22,114 shares of BancFirst stock at an average price of $105.46, bringing in a total of $2,332,142.44.

BancFirst Stock Overview

BancFirst shares opened at $110.10 on Thursday. The company maintains a market capitalization of $3.63 billion, a P/E ratio of 17.99, and a beta of 1.03. The financial metrics include a quick ratio and current ratio of 0.97 each, with a low debt-to-equity ratio of 0.06. The 50-day moving average stands at $105.54, while the 200-day moving average is $95.97. Over the past year, shares have fluctuated between a low of $79.99 and a high of $115.62.

Dividend Announcement

Recently, BancFirst declared a quarterly dividend, which was distributed on October 15th. Shareholders of record as of September 30th received a dividend of $0.46 per share, marking an increase from the previous quarterly dividend of $0.43. This equates to an annualized dividend of $1.84, resulting in a dividend yield of 1.67%. The dividend payout ratio (DPR) is reported at 30.07%.

Institutional Investor Activity

Several institutional investors have adjusted their holdings in BancFirst. Whittier Trust Co. of Nevada Inc. acquired a new stake worth approximately $38,000 during the third quarter. Blue Trust Inc. increased its position by 33.9%, owning 391 shares valued at $41,000 after adding 99 shares. Benjamin F. Edwards & Company Inc. saw a substantial increase of 557.1% in their first-quarter position, now holding 506 shares estimated at $45,000. EntryPoint Capital LLC also grew its stake by 56.8%. Overall, institutional investors collectively own 51.72% of BancFirst’s stock.

Analyst Recommendations

Wall Street analysts have provided varied insights on BancFirst shares. DA Davidson upgraded their price target from $104.00 to $110.00 while maintaining a “neutral” rating. Conversely, Piper Sandler raised their target price from $84.50 to $95.00, assigning an “underweight” rating. Additionally, StockNews.com downgraded BancFirst from a “hold” to a “sell” rating as of September 4th.

BancFirst Company Overview

BancFirst Corporation operates as the bank holding company for BancFirst, which offers a variety of commercial banking services to retail clients and small to mid-sized businesses through its different segments including BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and other financial service divisions.

BancFirst, shares, sale