Bancfirst director Drummond F Ford sells $631k in shares

Published 14/08/2025, 15:14
Bancfirst director Drummond F Ford sells $631k in shares

Director Drummond F Ford of Bancfirst Corp (NASDAQ:BANF), a $4.17 billion regional bank with a solid financial health score of "GOOD" according to InvestingPro, on August 13, 2025, sold 5,000 shares of common stock at a price of $126.2875, totaling $631,437.

According to a Form 4 filing with the Securities and Exchange Commission, Ford also acquired 5,000 shares of Bancfirst common stock upon exercising options with an exercise price of $20.83, for a total value of $104,149 on the same day. The stock, currently trading at a P/E ratio of 17.91, has maintained dividend payments for 33 consecutive years and offers a 1.45% yield. InvestingPro analysis suggests the stock is slightly overvalued at current levels, with additional insights available through their premium service.

In other recent news, BancFirst Corporation reported impressive second-quarter earnings and revenue that surpassed analyst expectations. The company achieved a net income of $62.3 million, or $1.85 per diluted share, compared to $50.6 million, or $1.51 per diluted share, from the same period last year. BancFirst’s revenue reached $169.3 million, exceeding the consensus estimate of $163.82 million. Analysts had projected earnings per share of $1.65, but the company outperformed this estimate by $0.20. Additionally, DA Davidson raised its price target for BancFirst from $120 to $136 while maintaining a Neutral rating. The firm highlighted BancFirst’s solid quarter, emphasizing stronger-than-projected spread income due to net interest margin expansion and quarter-over-quarter earning asset growth. These developments reflect BancFirst’s robust financial performance in recent times.

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