Bancfirst Corp (BANF, +1, April 27)
Dennis Brand (Chairman of Executive Committee since 2017, CEO 2005-2017, joined 1002) purchased 5,000 shares on April 26th at $73.75, spending $369,000 and increasing his holdings by +13% to 43,184 shares. In this purchase he is averaging down from a $166,000 purchase in January at $83, spending twice as much. Despite that January purchase, his overall record in the stock is very good.
H. Rainbolt (Chair Emeritus) and Darryl Schmidt (EVP, Divisional CEO, Director since 2003) made light purchases, Rainbolt’s first since 2021. We ranked this stock +1 in January based primarily on Brand’s purchase at $83. The stock has fallen, along with other regional banks and it is encouraging to see the Brand double down at a lower price point. The company reported Q1 on April 25th.
We are renewing the +1 rank.