BancFirst corp executive vice president sells $506,444 in stock

Published 22/05/2025, 17:10
BancFirst corp executive vice president sells $506,444 in stock

On May 21, Randy Foraker, the Executive Vice President of BancFirst Corp (NASDAQ:BANF), a $4.2 billion market cap financial institution with a solid financial health score of "GOOD" according to InvestingPro, executed a significant stock transaction involving the company’s common stock. Foraker sold 4,000 shares at an average price of $126.61 per share, amounting to a total of $506,444.

On the same day, Foraker also exercised options to acquire 4,000 shares at a price of $20.83 per share, totaling $83,320. The transaction comes as BancFirst maintains its impressive 27-year streak of dividend increases, with analysts setting price targets between $120 and $123. Following these transactions, Foraker holds no shares directly from this batch, but retains indirect ownership of 17,849 shares through an Employee Stock Ownership Plan (ESOP) and 470 shares through a spouse’s IRA account.InvestingPro subscribers have access to 8 additional investment tips and comprehensive financial metrics for BancFirst Corp.

These transactions provide insight into the executive’s current stake and recent trading activities in BancFirst Corp, which currently trades at a P/E ratio of 18.7x.

In other recent news, BancFirst Corporation reported first-quarter 2025 earnings that exceeded analyst expectations, with earnings per share reaching $1.67, surpassing the consensus estimate of $1.58. Revenue for the quarter rose to $164.84 million, also beating estimates of $161.71 million. The company’s net income increased to $56.1 million, up from $50.3 million in the same period last year, driven by higher loan volumes and growth in earning assets. In a strategic move, BancFirst announced its acquisition of American Bank of Oklahoma, a bank with $385 million in total assets, which is expected to close in the third quarter of 2025. This acquisition is anticipated to align with BancFirst’s strategy of expanding its presence in Oklahoma. Keefe, Bruyette & Woods maintained a Market Perform rating on BancFirst, while DA Davidson reiterated its Neutral rating, citing the company’s solid quarterly performance and effective cost control. The acquisition is expected to modestly increase BancFirst’s earnings per share, consistent with its historical approach to mergers and acquisitions. As the bank continues to grow, investors will likely monitor its financial performance and strategic expansions closely.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.