Strength Seen in BancFirst (BANF): Can Its 4.0% Jump Turn into More Strength?
BANFBancFirst (BANF) ZACKS·2024-09-10 20:26

BancFirst (BANF) shares ended the last trading session 4% higher at $105.29. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.2% gain over the past four weeks.Prospects of the first interest rate cut by the Federal Reserve since March 2020 are turning investors bullish on bank stocks. As the rates will come down, loan demand is expected to improve. Thus, these factors drove the BANF stock higher.This Oklahoma fina ...