New insider activity at BancFirst ( (BANF) ) has taken place on February 12, 2025.
EVP Darryl Schmidt recently executed a significant transaction by selling 5,000 shares of BancFirst stock. This sale brought in a total value of $610,300, highlighting a noteworthy movement in the company’s stock activities.
Recent Updates on BANF stock
In the last 24 hours, BancFirst Corporation released its Q4 2024 earnings report, which highlighted a net income increase to $56.5 million, up from $48.9 million in Q4 2023. The rise in earnings was fueled by higher loan volumes contributing to a net interest income of $115.9 million. Despite this, there was an increase in noninterest expenses due to higher salaries and benefits. The company also noted a reversal of $1.4 million in allowance for credit losses. As a result, Keefe Bruyette raised its price target for BancFirst, driven by a provision-driven beat despite elevated expenses. The company remains optimistic for 2025, supported by strong regional economic performance and asset quality, with continued growth expectations.
More about BancFirst
YTD Price Performance: 3.52%
Average Trading Volume: 108,705
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.01B