BancFirst Corporation (BANF)
BancFirst Corporation is BancFirst's banking holding company providing a range of commercial banking services to retail and small and medium-sized business clients. The company is headquartered in Oklahoma City, Oklahoma.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 2.17% per annum.
- BANF price at the close of April 29, 2025 was $119.31 and was higher than the top border of the primary price channel by $12.63 (11.84%).
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.54% per annum.
- BANF price at the close of April 29, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of BANF price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 13, 2022
End date: July 15, 2024
a = 4.3872
b = 0.0001
s = 0.0877
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0001) – 1
= 2.17%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0877) – 1
= 42.05%
January 13, 2022 calculations
Top border of price channel:
Exp(Y431)
= Exp(a + b × X431 + 2 × s)
= Exp(a + b × 623 + 2 × s)
= Exp(4.3872 + 0.0001 × 623 + 2 × 0.0877)
= Exp(4.5993)
= $99.41
Bottom border of price channel:
Exp(Y431)
= Exp(a + b × X431 – 2 × s)
= Exp(a + b × 623 – 2 × s)
= Exp(4.3872 + 0.0001 × 623 – 2 × 0.0877)
= Exp(4.2483)
= $69.98
July 15, 2024 calculations
Top border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 + 2 × s)
= Exp(a + b × 1,537 + 2 × s)
= Exp(4.3872 + 0.0001 × 1,537 + 2 × 0.0877)
= Exp(4.6529)
= $104.89
Bottom border of price channel:
Exp(Y1,057)
= Exp(a + b × X1,057 – 2 × s)
= Exp(a + b × 1,537 – 2 × s)
= Exp(4.3872 + 0.0001 × 1,537 – 2 × 0.0877)
= Exp(4.3019)
= $73.84
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 2.17% per annum.
- BANF price at the close of April 29, 2025 was $119.31 and was higher than the top border of the primary price channel by $12.63 (11.84%).
Secondary Trend
Start date: September 18, 2023
End date: March 7, 2025
a = 3.3466
b = 0.0008
s = 0.0727
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 34.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0727) – 1
= 33.72%
September 18, 2023 calculations
Top border of price channel:
Exp(Y851)
= Exp(a + b × X851 + 2 × s)
= Exp(a + b × 1,236 + 2 × s)
= Exp(3.3466 + 0.0008 × 1,236 + 2 × 0.0727)
= Exp(4.4965)
= $89.70
Bottom border of price channel:
Exp(Y851)
= Exp(a + b × X851 – 2 × s)
= Exp(a + b × 1,236 – 2 × s)
= Exp(3.3466 + 0.0008 × 1,236 – 2 × 0.0727)
= Exp(4.2059)
= $67.08
March 7, 2025 calculations
Top border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 + 2 × s)
= Exp(a + b × 1,772 + 2 × s)
= Exp(3.3466 + 0.0008 × 1,772 + 2 × 0.0727)
= Exp(4.9321)
= $138.67
Bottom border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 – 2 × s)
= Exp(a + b × 1,772 – 2 × s)
= Exp(3.3466 + 0.0008 × 1,772 – 2 × 0.0727)
= Exp(4.6415)
= $103.70
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 34.54% per annum.
- BANF price at the close of April 29, 2025 was inside the secondary price channel.