BancFirst director Martin William Scott sells $1.19 million in stock

Martin William Scott, a director at BancFirst Corp (NASDAQ:BANF), recently sold 10,000 shares of the company’s common stock. The shares were sold at an average price of $119.1255 each, totaling approximately $1.19 million. The transaction occurred near the stock’s 52-week high of $132.29, with BancFirst currently valued at approximately $4 billion. According to InvestingPro analysis, the stock trades at a P/E ratio of 18.1x, suggesting premium pricing relative to near-term earnings growth. Following this transaction, Scott retains ownership of 214,499 shares, held indirectly through The William Scott Martin Trust. This sale was reported in a recent SEC filing on February 28, 2025. The company maintains strong financial fundamentals, with InvestingPro highlighting its 27-year streak of consecutive dividend increases and robust financial health score. For deeper insights into insider transactions and additional ProTips, consider exploring InvestingPro’s comprehensive analysis tools.

In other recent news, BancFirst Corporation announced a quarterly cash dividend of $0.46 per share, payable to shareholders of record as of March 31, 2025, with payment scheduled for April 15, 2025. Additionally, BancFirst will make a quarterly interest payment on its 7.20% Junior Subordinated Debentures, funding a dividend of $0.45 per share on its trust preferred securities, also payable on April 15, 2025. DA Davidson maintained a Neutral rating on BancFirst with a $120 price target, noting the company’s higher-than-expected spread income and robust fee income, which helped surpass financial forecasts. The bank’s steady loan demand is projected to support mid-single-digit growth for 2025. Keefe, Bruyette & Woods lowered BancFirst’s price target to $132 from $135 while maintaining a Market Perform rating, following a review of the company’s fourth-quarter performance. The firm highlighted BancFirst’s consistent core pre-provision net revenue trends and noted potential stabilization in the net interest margin going into 2025. Analysts at Keefe, Bruyette & Woods have increased their earnings estimates for 2025 and 2026, reflecting expectations of a gradual easing cycle. These recent developments provide insights into BancFirst’s financial strategies and projections.

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