BancFirst director David Rainbolt sells $978k in stock

David E. Rainbolt, a Director and 10% Owner of BancFirst Corp., sold 8,506 shares of the company's common stock on August 13, 2026. The sale, amounting to $978,190, was completed at a price of $115.0 per share, with the shares held indirectly through the David and Kim Rainbolt Foundation. The sale price was in line with the current stock price of $115.72, although InvestingPro analysis indicated the stock was undervalued, with a Fair Value of $144.02.

Following this transaction, Rainbolt's beneficial ownership of BancFirst common stock spanned multiple direct and indirect holdings, including 73,395 shares in the David E. Rainbolt Trust and 4,040,777 shares at BF Bank Partners, LP, where he is a General Partner. Indirect holdings included 10,000 shares held by his wife, Kim, through the Dana Kim Rainbolt Revocable Trust.

BancFirst's long-term shareholder commitment was noted with a 28-year history of consecutive dividend raises, a current yield of 1.69%, and a P/E ratio of 15.61. The company's second-quarter 2026 results exceeded expectations, driven by improved net interest income and fees, and it announced the acquisition of Spirit BankCorp, a $940 million asset bank in Oklahoma.

The acquisition, expected to close in Q4 2026, was rated Neutral with a $125 price target by DA Davidson and downgraded to $121 by Keefe, Bruyette & Woods.