OKLAHOMA CITY—Leslie Jeannine Rainbolt, a director and ten-percent owner of BancFirst Corp (NASDAQ:BANF), has reported the sale of 1,750 shares of common stock in a recent transaction. The shares were sold at an average price of $110.11 each, totaling approximately $192,700.
Following this transaction, Rainbolt holds 4,934,421 shares directly and an additional 4,000 shares through the Leslie J. Rainbolt Revocable Trust. The shares involved in the sale are held in Main Street Banking Partners LP.
This transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission on October 24, 2024.
In other recent news, BancFirst Corporation announced a quarterly cash dividend of $0.46 per share and a quarterly interest payment on its 7.20% Junior Subordinated Debentures. The company also announced a dividend of $0.45 per share on the trust preferred securities issued by its subsidiary, BFC Capital Trust II. These payments underscore BancFirst's ongoing commitment to return value to its shareholders.
In addition to its financial updates, BancFirst has welcomed Kim Ingram as a new member of its Board of Directors. Ingram, a CEO of Kelly Jewelers and a Western Oklahoma native, is expected to bring a wealth of community and professional experience to the role.
Analysts from Piper Sandler have revised their earnings per share estimates for BancFirst for 2024 and 2025 upwards, despite maintaining an Underweight rating. The firm cited a lack of clarity on BancFirst's plans for deploying excess capital as a reason for their rating. These updates and appointments are part of the recent developments at BancFirst Corporation.
InvestingPro Insights
BancFirst Corp's recent insider transaction by Leslie Jeannine Rainbolt aligns with several key financial metrics and trends highlighted by InvestingPro. The company's stock, trading at $110.11 during the reported sale, is near its 52-week high, with the price at 94.39% of its peak. This suggests strong market confidence in BancFirst's performance.
InvestingPro data shows that BancFirst has a market capitalization of $3.62 billion and a P/E ratio of 17.24, indicating a reasonable valuation compared to industry standards. The company's dividend yield stands at 1.69%, with a notable dividend growth of 6.98% over the last twelve months. An InvestingPro Tip reveals that BancFirst has raised its dividend for 26 consecutive years, demonstrating a commitment to shareholder returns that may appeal to income-focused investors.
The company's financial health appears robust, with a revenue of $608.33 million in the last twelve months and an impressive operating income margin of 47.3%. Another InvestingPro Tip highlights that BancFirst has maintained dividend payments for 32 consecutive years, further underscoring its financial stability and shareholder-friendly policies.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights, with 5 more tips available for BancFirst Corp. These additional insights can provide a deeper understanding of the company's financial position and future prospects.
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