BancFirst director David Rainbolt sells $9.5 million of stock By Investing.com

David E. Rainbolt, a Director and 10% Owner of BancFirst Corp (), disposed of common stock totaling approximately $9.5 million on July 28, 2026.

The transaction involved the sale of 81,492 shares at a price of $116.7113 per share. The stock currently trades at $113.83, below the transaction price. According to InvestingPro analysis, BANF appears undervalued with a Fair Value suggesting potential upside. The company has raised its dividend for 28 consecutive years, one of several key insights available to InvestingPro subscribers alongside exclusive Fair Value calculations and financial health metrics.

Following this transaction, Mr. Rainbolt continues to beneficially own a substantial number of BancFirst common shares through various direct and indirect holdings. These include 55,551 shares held indirectly by the David and Kim Rainbolt Foundation, 73,395 shares held directly in the David E. Rainbolt Trust U/A Amended and Restated December 14, 2017, and 10,000 shares held indirectly by his spouse, Kim, under the Dana Kim Rainbolt Revocable Trust. Additionally, 4,040,777 shares are held directly at BF Bank Partners, LP, where Mr. Rainbolt serves as General Partner. He also directly holds 4,000, 200,000, 38,085, and 188 shares of common stock.

In other recent news, BancFirst Corporation announced its agreement to acquire Spirit BankCorp, Inc., which includes its subsidiary SpiritBank. Spirit BankCorp, a community bank based in Tulsa, Oklahoma, holds approximately $939.6 million in total assets, $618.4 million in loans, and $847.2 million in deposits. The acquisition is projected to conclude in the fourth quarter of 2026, pending regulatory approvals and standard closing conditions. This move by BancFirst aims to expand its operations in Oklahoma, specifically in Bristow, Sapulpa, and Tulsa.

Additionally, DA Davidson maintained a Neutral rating on BancFirst’s stock, setting a price target of $125.00. The firm reiterated this stance following the acquisition announcement, noting that some transaction details are still subject to further due diligence. These developments highlight BancFirst’s strategic efforts to broaden its market presence through acquisitions.

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