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Drummond F Ford (NYSE:F), a director at BancFirst Corp (NASDAQ:BANF), recently executed a significant transaction involving the company’s stock. On January 29, 2025, Ford sold 5,000 shares of BancFirst common stock at an average price of $117.97 per share, amounting to a total of approximately $589,872. The transaction occurred near the stock’s current trading price of $118.15, with BancFirst showing a strong 29% return over the past year. The $3.9 billion market cap company maintains a solid track record, with InvestingPro data showing 27 consecutive years of dividend increases.
Prior to this sale, Ford acquired 5,000 shares through the exercise of options at a price of $20.83 per share, valued at $104,149 in total. Following these transactions, Ford’s direct ownership of BancFirst shares stands at 6,000 shares. According to InvestingPro analysis, BancFirst currently trades slightly above its Fair Value, with a P/E ratio of 17.9x and a dividend yield of 1.56%. The company maintains a "GREAT" financial health score, reflecting its strong market position.
These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, BancFirst has reported better-than-expected earnings and revenues, with a strong performance marked by robust fee income and a lower provision for credit losses. Analyst firms DA Davidson and Keefe, Bruyette & Woods have maintained their Neutral and Market Perform ratings, respectively, with DA Davidson holding a price target at $120 and Keefe, Bruyette & Woods reducing its target to $132. Meanwhile, Piper Sandler has revised its earnings per share estimates for the company upwards for 2024 and 2025, despite maintaining an Underweight rating.
In addition to its financial performance, BancFirst has announced a series of strategic decisions, including the declaration of a cash dividend of $0.46 per share on its common stock and an interest payment on $26.8 million worth of its 7.20% Junior Subordinated Debentures. The company has also appointed Kim Ingram, CEO of Kelly Jewelers, to its Board of Directors, a move seen as enhancing the board’s expertise.
BancFirst has also demonstrated its commitment to environmental, social, and governance aspects with the release of its latest Sustainability Report, providing insights into the company’s initiatives in energy efficiency, community engagement, and ethical governance. These are the recent developments surrounding BancFirst Corporation.
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