Breaking News: Main Street Banking Partners LP Sells Portion of BancFirst Corp Shares Worth Over $146,000
Main Street Banking Partners LP, a major shareholder in BancFirst Corp (NASDAQ: BANF), recently sold 1,391 shares of common stock at $105.0057 per share. Despite the sale, they still hold 4,955,073 shares in the company. This transaction hints at the shareholder's view on BancFirst Corp's potential value.
Additionally, BancFirst Corporation has announced updates on dividends, interest payments, a new board member, and a revised stock target by Piper Sandler. The company will pay a quarterly cash dividend of $0.46 per share and a quarterly interest payment on its debentures. Kim Ingram has joined the Board of Directors, and Piper Sandler has raised BancFirst's stock target.
Financial analysis shows BancFirst Corp's strong track record of shareholder returns, with consistent dividend payments for 32 years and earnings per share estimates revised upwards. The company's financial metrics, including a market capitalization of $3.46 billion and a P/E ratio of 17.2, indicate reasonable valuation. Despite a slight revenue decline, BancFirst Corp has shown a strong return on assets and positive stock performance.
Investors can find more insights on BancFirst Corp's financial health and future prospects on InvestingPro. With a total of 9 InvestingPro Tips available, investors can make more informed decisions about including BancFirst Corp in their portfolio.