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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.
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