BancFirst director David Rainbolt sells $345,000 in shares

David E. Rainbolt, a director and 10% owner of BancFirst Corp (NASDAQ:BANF), sold 3,000 shares of common stock on August 6, 2026, according to a recent SEC filing. The shares were sold at a price of $115.0 per share, totaling $345,000 from the transaction. The stock currently trades at $113.33, below the insider’s sale price. According to InvestingPro analysis, BancFirst appears undervalued based on its Fair Value assessment. The company has raised its dividend for 28 consecutive years, one of several key insights available to InvestingPro subscribers.

Following the sale, Mr. Rainbolt continues to beneficially own a substantial number of shares in the Oklahoma City-based bank. His holdings include 8,506 shares indirectly through the David and Kim Rainbolt Foundation. Additionally, Mr. Rainbolt holds 73,395 shares directly in the David E. Rainbolt Trust U/A Amended and Restated December 14, 2017, and 10,000 shares indirectly through his spouse, Kim, via the Dana Kim Rainbolt Revocable Trust. He also directly holds 4,040,777 shares at BF Bank Partners, LP, where he serves as General Partner, along with other direct holdings of 242,273 shares. In total, Mr. Rainbolt beneficially owns 4,374,951 shares of BancFirst common stock.

In other recent news, BancFirst Corporation announced its acquisition of Spirit BankCorp, Inc., a community bank based in Tulsa, Oklahoma. The acquisition includes Spirit’s assets valued at approximately $939.6 million, with $618.4 million in loans and $847.2 million in deposits. This transaction is anticipated to conclude in the fourth quarter of 2026, pending regulatory approvals and standard closing conditions. Additionally, DA Davidson maintained a Neutral rating on BancFirst’s stock, with a price target of $125, following the acquisition news. In separate developments, Keefe, Bruyette & Woods adjusted their price target for BancFirst to $121 from $123, citing valuation considerations but maintaining a Market Perform rating. The firm noted that BancFirst’s second-quarter 2026 results exceeded both their own and consensus estimates, driven by stronger net interest income and fees. These developments reflect ongoing strategic moves and financial performance assessments for BancFirst.