Insider Selling: Director and 10% Owner Leslie Rainbolt Sells Shares of BancFirst Corp (BANF)

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Oct 25, 2024
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On October 24, 2024, Leslie Rainbolt, Director and 10% Owner of BancFirst Corp (BANF, Financial), executed a sale of 1,750 shares of the company. The transaction was reported through an SEC Filing. Following this transaction, the insider now directly owns 4,000 shares of the company.

BancFirst Corporation operates as the bank holding company for BancFirst, a regional bank providing a range of commercial banking services to retail customers and small to medium-sized businesses. It is headquartered in Oklahoma City, Oklahoma.

Over the past year, Leslie Rainbolt has sold a total of 65,580 shares of BancFirst Corp and has not purchased any shares. This recent sale is part of a broader trend observed over the past year, where BancFirst Corp has seen a total of 57 insider sells and only 4 insider buys.

Shares of BancFirst Corp were trading at $110.11 on the day of the sale. The company has a market cap of approximately $3.614 billion. The price-earnings ratio of the company stands at 17.55, which is above both the industry median of 10.46 and the company's historical median.

According to the GF Value, which is an intrinsic value estimate from GuruFocus, BancFirst Corp has a GF Value of $95.82. With the current price of $110.11, the stock has a price-to-GF-Value ratio of 1.15, indicating that it is Modestly Overvalued.

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The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company’s past returns and growth, and future business performance estimates from Morningstar analysts.

This sale by Leslie Rainbolt provides an insight into the insider's trading activities and could be of interest to current and potential investors monitoring BancFirst Corp's stock performance and valuation metrics.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.