BancFirst (BANF) Stock Dips Amidst Sector Decline

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Nov 07, 2024
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BancFirst Corporation (BANF, Financial) experienced a notable stock price drop, declining by 5.03%. The stock is currently priced at $120.32 per share with a trading volume of 54,604 shares, reflecting a turnover rate of 0.16% and a volatility of 4.23%.

Recent financial reports show BancFirst’s revenue at $234 million, with a net profit of $58.90 million and earnings per share of $1.78. The company's price-to-earnings ratio stands at 19.45. Among the three rating agencies covering the stock, all have recommended holding, with no buy or sell suggestions.

In the broader banking industry, the sector saw an overall decline of 1.40%. Within the same sector, stocks like Fanhua Financial, Loandepot, Inc., and Mercantile Bank showed significant gains, whereas UWM Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. were notably active, with turnover rates of 2.27%, 1.90%, and 1.35% respectively. Stocks with substantial volatility included Better Home & Finance Holding C/Wts, Fanhua Financial, and American Century Bank, with price swings of 20.43%, 16.36%, and 11.99% respectively.

BancFirst Corporation primarily engages in providing banking services. It operates various business units including Metropolitan Bank, Community Bank, Pegasus Bank, and Worthington, offering traditional banking products like commercial and retail loans, and a range of deposit accounts. The company also offers specialized financial services such as small business loans, residential mortgages, trust services, securities brokerage, electronic banking, and insurance.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.