BancFirst director David Rainbolt sells $230,050 in BANF

David E. Rainbolt, a director and 10% owner of BancFirst Corp. (NASDAQ:BANF), sold shares of the company’s common stock on August 5, 2026. The transaction involved the sale of 2,000 shares for a total value of $230,050.

The shares were sold at a price of $115.025 per share, slightly above the current stock price of $113.93. According to InvestingPro analysis, BancFirst appears undervalued based on its Fair Value assessment, suggesting potential upside for investors. Notably, the company has raised its dividend for 28 consecutive years, one of several key insights available to InvestingPro subscribers.

Following this sale, Mr. Rainbolt’s beneficial ownership in BancFirst Corp. includes 11,506 shares held indirectly by the David and Kim Rainbolt Foundation. He also directly holds 73,395 shares in the David E. Rainbolt Trust U/A Amended and Restated December 14, 2017 (1). An additional 10,000 shares are indirectly held by his spouse, Kim, through the Dana Kim Rainbolt Revocable Trust (2). Furthermore, Mr. Rainbolt directly holds 4,040,777 shares at BF Bank Partners, LP, where he serves as General Partner (3). Other direct holdings include 4,000, 200,000, 38,085, and 188 shares of common stock.

(1) Shares held in David E. Rainbolt Trust U/A Amended and Restated December 14, 2017

(2) Held under: Dana Kim Rainbolt Revocable Trust

(3) Shares held at BF Bank Partners, LP. David E. Rainbolt is General Partne

In other recent news, BancFirst Corporation reported second-quarter 2026 results that surpassed both Keefe Bruyette and consensus estimates. The improvement was largely attributed to better net interest income and fees, with the net interest margin increasing by 10 basis points due to stronger loan yields. In addition, BancFirst announced an agreement to acquire Spirit BankCorp, a community bank headquartered in Tulsa, Oklahoma, with approximately $939.6 million in assets. The acquisition is expected to conclude in the fourth quarter of 2026, pending regulatory approvals and customary closing conditions. Meanwhile, DA Davidson reiterated a Neutral rating on BancFirst stock with a price target of $125, following the acquisition announcement. Keefe, Bruyette & Woods also maintained a Market Perform rating but lowered the price target to $121. These developments indicate strategic moves by BancFirst, including the expansion of its asset base through the acquisition.