BancFirst director David Rainbolt sells $978k in stock

David E. Rainbolt, a Director and 10% Owner of BancFirst Corp. (NASDAQ:BANF), sold common stock totaling $978,190 on August 13, 2026.

The transaction involved the disposition of 8,506 shares of BancFirst common stock at a price of $115.0 per share. These shares were held indirectly through the David and Kim Rainbolt Foundation. The sale price closely aligns with the current stock price of $115.72, though InvestingPro analysis suggests the stock remains undervalued with a Fair Value of $144.02, placing it on the most undervalued stocks watchlist.

Following this transaction, Mr. Rainbolt’s beneficial ownership in BancFirst common stock includes various direct and indirect holdings. He directly holds 73,395 shares in the David E. Rainbolt Trust U/A Amended and Restated December 14, 2017, and 4,040,777 shares at BF Bank Partners, LP, where he is a General Partner. Additionally, he directly holds 4,000, 200,000, 38,085, and 188 shares. Indirectly, 10,000 shares are held by his spouse, Kim, under the Dana Kim Rainbolt Revocable Trust. BancFirst has demonstrated long-term shareholder commitment, having raised its dividend for 28 consecutive years, according to InvestingPro data. The company currently offers a dividend yield of 1.69% and maintains profitability with a P/E ratio of 15.61.

In other recent news, BancFirst reported second-quarter 2026 results that surpassed both Keefe Bruyette and consensus estimates, driven by improved net interest income and fees. The company’s net interest margin increased by 10 basis points, attributed to stronger loan yields and higher other fees. Additionally, BancFirst announced its acquisition of Spirit BankCorp, a bank with $940 million in assets, operating in Bristow, Sapulpa, and Tulsa, Oklahoma. The acquisition agreement includes Spirit’s $618.4 million in loans and $847.2 million in deposits, with the transaction expected to close in the fourth quarter of 2026, pending regulatory approvals. DA Davidson maintained a Neutral rating and a $125 price target on BancFirst following the acquisition announcement. Keefe, Bruyette & Woods lowered its price target for BancFirst to $121 from $123 while maintaining a Market Perform rating. These developments highlight BancFirst’s recent strategic and financial activities.