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BancFirst Director Cashes In: Major Stock Sale Unveiled!

BancFirst Director Cashes In: Major Stock Sale Unveiled!

New insider activity at BancFirst ( (BANF) ) has taken place on February 7, 2025.

Director Ford Drummond has made a substantial move by selling 5,000 shares of BancFirst stock, amounting to a notable transaction value of $602,900.

Recent Updates on BANF stock

BancFirst Corporation recently announced strong financial results for Q4 2024, with net income reaching $56.5 million, up from $48.9 million in the same period last year. The company reported record net income and earnings per share for the fourth consecutive year, primarily driven by increased loan volumes that boosted net interest income to $115.9 million. Despite a modest rise in noninterest income, expenses also increased due to higher salaries and benefits. The company’s total assets grew to $13.6 billion, supported by significant loan and deposit growth. BancFirst remains optimistic about 2025, expecting continued positive momentum due to robust asset quality and strategic investments. Keefe Bruyette raised the price target for BancFirst, citing a provision-driven beat despite elevated expenses as a reason for the change.

More about BancFirst

YTD Price Performance: 5.11%

Average Trading Volume: 110,823

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $4.04B

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