BANF
BancFirst CorporationFinancial Services·Banks - Regional
$110.29
$3.7B market cap
Revenue
$422.6M
Free Cash Flow
$108.3M
Rev Growth
+0.0%
FCF Margin
25.6%
P/FCF
34.2x
EV/FCF
-16.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of de
2-Year Price History
$111.31+36.9%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 241.6 | 83.0 | 83.0 | 63.0 | 75.9 | 65.1 | -10.8 | 5,571 | 101.3 | 34.0 | 35.5% | 1.3x | -- |
| Act | 2025-Q4 | 181.0 | 79.3 | 73.6 | 59.5 | 54.8 | 43.2 | -11.6 | 227.0 | 133.7 | 33.9 | 31.4% | 0.7x | -- |
Valuation & Metrics
Market Stats
Price$110.29
Market Cap$3.7B
Enterprise Value$-1.8B
P/S Ratio8.8x
P/FCF34.2x
EV/FCF-16.3x
FCF Margin (TTM)25.6%
FCF Yield2.9%
Dividend Yield (TTM)1.7%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$422.6M
Net Income$122.5M
Free Cash Flow$108.3M
Revenue Growth (YoY)+0.0%
EBITDA Margin38.4%
Net Margin29.0%
FCF Margin25.6%
CapEx % of Revenue5.3%
SBC % of Revenue0.4%
ROIC33.5%
WC Change % Rev-101.4%
Interest Coverage0.9x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.0M
Days to Cover7.4
Change (vs Prior)+0.0%
Need at least 2 settlement dates for chart
Employees
Headcount2,135
Revenue / Employee$197,926
Gross Profit / Employee$167,613
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
22.6%(-0.2% YoY)
228 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
25.7%(+0.8% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.3% YoY)
4 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $335M | $102.91 | +$1.9M | −$5.8M | -0.2% | $5.69T |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $281M | $101.46 | −$2.7M | +$46.9M | -0.8% | $34.05B |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $167M | $108.50 | +$167M | +$167M | — | $1.91T |
| STATE STREET CORPPassive | $144M | $105.86 | −$5.5M | +$1.9M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $118M | $108.50 | +$118M | +$118M | — | $4.04T |
| DIMENSIONAL FUND ADVISORS LPPassive | $94.3M | $87.18 | −$2.5M | −$10.5M | -0.4% | $480.92B |
| BancFirst Trust & Investment Management | $94.1M | $99.58 | +$2.2M | −$464K | +1.5% | $221M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $57.9M | $97.18 | +$1.9M | +$3.8M | +2.3% | $1.61T |
| FULLER & THALER ASSET MANAGEMENT, INC. | $29.3M | $87.01 | −$47K | −$173K | -0.1% | $29.55B |
| WELLS FARGO & COMPANY/MN | $29.2M | $91.83 | −$1.3M | −$1.4M | -0.2% | $497.71B |
| NORTHERN TRUST CORPPassive | $26.7M | $99.29 | +$486K | −$6.7M | -0.2% | $755.34B |
| Champlain Investment Partners, LLC | $24.2M | $80.65 | −$1.9M | −$12.8M | -2.5% | $7.75B |
| AMERICAN CENTURY COMPANIES INC | $23.5M | $112.98 | +$6.8M | +$21.1M | +0.7% | $193.48B |
| MORGAN STANLEY | $22.9M | $96.42 | −$3.4M | +$636K | -0.3% | $1.65T |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $22.3M | $108.50 | +$20.6M | +$22.3M | — | $297.48B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $22.2M | $99.04 | +$1.7M | +$3.1M | +0.7% | $645.81B |
| Bank of New York Mellon Corp | $16.9M | $90.33 | −$449K | −$2.5M | -0.2% | $543.21B |
| VANGUARD FIDUCIARY TRUST COPassive | $15.9M | $108.50 | +$15.9M | +$15.9M | — | $395.83B |
| RAYMOND JAMES FINANCIAL INC | $14.4M | $117.37 | −$6K | +$3.5M | -0.0% | $322.69B |
| GOLDMAN SACHS GROUP INC | $12.2M | $94.60 | −$1.4M | −$1.7M | -0.2% | $760.93B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.41%
avg per quarter
Holders (ex-self)
-0.23%
excl. this stock
Buyers (this Q)
-0.14%
104 buyers · $0.38B in
Sellers (this Q)
-0.33%
97 sellers · $0.06B out
alpha coverage: 83% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-3.4%
how holders react when this stock falls
On quiet Qs
-9.6%
−10% to +10% baseline
On rallies (+10%+)
+4.2%
how they react when this stock rises
Holders' portfolio flow this Q
-1.6%
outflows — trims may be forced
Sellers' portfolio flow this Q
-12.6%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.0%
Holder mid (any stock)
+0.2%
Holder rally (any stock)
-3.1%
Biggest decreases this quarter
Invesco Ltd.−$7.9Mα-0.2Qube Research & Technologies Ltdexited−$6.7MSTATE STREET CORP−$5.5Mα-0.2JPMORGAN CHASE & CO−$4.1Mα-0.2JANE STREET GROUP, LLCexited−$3.5MMORGAN STANLEY−$3.4Mα-0.3DARK FOREST CAPITAL MANAGEMENT LPexited−$3.1MKAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC−$2.7Mα-0.8DIMENSIONAL FUND ADVISORS LP−$2.5Mα-0.4MARSHALL WACE, LLPexited−$2.4M
New buyers this quarter
Top-5 holders · 57.7%
BlackRock, Inc.--
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC--
VANGUARD PORTFOLIO MANAGEMENT LLC--
STATE STREET CORP--
VANGUARD CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC2.6MBancFirst Trust & Investment Management872KChamplain Investment Partners, LLC223KWELLS FARGO & COMPANY/MN269KFULLER & THALER ASSET MANAGEMENT, INC.270KNORGES BANK—MORGAN STANLEY211KGOLDMAN SACHS GROUP INC113KAMERIPRISE FINANCIAL INC41KPRINCIPAL FINANCIAL GROUP INC102K
Analyst Coverage
Analyst Coverage
Analyst Ratings
2
1
Hold: 2Sell: 1Consensus: Hold
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$1.61M
3 txns · 2 insiders · 13,000 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$6.72M
7 txns · 1 insider · 58,217 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-07 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 9,001 | $115.11 | $1.04M | $19.20M |
| 2026-05-06 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 6,219 | $115.07 | $716K | $20.23M |
| 2026-04-29 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 1 | $115.00 | $115 | $20.93M |
| 2026-04-28 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 24,614 | $115.55 | $2.84M | $21.03M |
| 2026-04-27 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 205 | $115.01 | $24K | $23.76M |
| 2026-04-24 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 650 | $115.02 | $75K | $23.79M |
| 2026-04-23 | SELL | RAINBOLT DAVID E | director, 10 percent owner: | 17,527 | $115.53 | $2.02M | $23.97M |
| 2026-02-10 | SELL | FORAKER RANDY | officer: Executive Vice President | 3,000 | $119.91 | $360K | $0 |
| 2025-08-13 | SELL | Drummond F Ford | director: Director | 5,000 | $126.29 | $631K | $0 |
| 2025-05-28 | SELL | Drummond F Ford | director: Director | 5,000 | $124.12 | $621K | $0 |
Order Flow (FINRA, ~3w lag)
9.9%retail-4.1pp
22.1%dark+3.2pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
BancFirst Corporation: Robust Liquidity Anchors Growth Despite Escalating Real Estate Asset Quality Deterioration
Overall Risk
4/10
Fraud
2/10
Dilution
3/10
Insolvency
2/10
Earnings Overstated
4/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
3/10
Hidden Upside
6/10
Contextually Acceptable
8/10