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BancFirst (BANF) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2024-10-24 17:02
Core Viewpoint - BancFirst (BANF) has been upgraded to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Outlook - The Zacks rating upgrade indicates a positive earnings outlook for BancFirst, likely leading to increased buying pressure and a rise in stock price [2]. - BancFirst is projected to earn $6.37 per share for the fiscal year ending December 2024, reflecting a year-over-year change of 0.5% [5]. Earnings Estimate Revisions - Over the past three months, the Zacks Consensus Estimate for BancFirst has increased by 4.9%, indicating a steady rise in analysts' earnings estimates [5]. - The correlation between earnings estimate revisions and near-term stock movements is strong, suggesting that tracking these revisions can be beneficial for investment decisions [4]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - BancFirst's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [6].
BancFirst (BANF) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-17 22:25
BancFirst (BANF) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.46%. A quarter ago, it was expected that this Oklahoma financial services holding company would post earnings of $1.42 per share when it actually produced earnings of $1.51, delivering a surprise of 6.34%.Over the las ...
BancFirst (BANF) - 2024 Q3 - Quarterly Results
2024-10-17 20:22
Exhibit 99.1 100 N. Broadway Ave FOR IMMEDIATE RELEASE Oklahoma City, OK 73102 Thursday, October 17, 2024 www.bancfirst.bank BANCFIRST CORPORATION REPORTS THIRD QUARTER EARNINGS BancFirst Corporation (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024 compared to net income of $51.0 million, or $1.52 per diluted share, for the third quarter of 2023. The Company's net interest income for the third quarter of 2024 increased to $115.0 million from $1 ...
BANCFIRST CORPORATION REPORTS THIRD QUARTER EARNINGS
Prnewswire· 2024-10-17 20:15
OKLAHOMA CITY, Oct. 17, 2024 /PRNewswire/ -- BancFirst Corporation (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024 compared to net income of $51.0 million, or $1.52 per diluted share, for the third quarter of 2023.The Company's net interest income for the third quarter of 2024 increased to $115.0 million from $104.3 million for the same period in 2023. Loan volume was the primary driver of the change in net interest income, but was partially o ...
Will BancFirst (BANF) Beat Estimates Again in Its Next Earnings Report?
ZACKS· 2024-10-10 17:18
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider BancFirst (BANF) . This company, which is in the Zacks Banks - Southwest industry, shows potential for another earnings beat.This Oklahoma financial services holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters ...
BancFirst (BANF) Earnings Expected to Grow: What to Know Ahead of Q3 Release
ZACKS· 2024-10-10 15:08
Wall Street expects a year-over-year increase in earnings on higher revenues when BancFirst (BANF) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may ...
13 Upcoming Dividend Increases Including 2 Kings
Seeking Alpha· 2024-09-26 20:41
Welcome back for another edition of upcoming dividend increases. Next week also closes out the third quarter of 2024. I have a strong list for your consideration this week. Not only do we have thirteen increases, but two are Dividend Kings! Illinois ToolDerek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds ...
BancFirst (BANF) Is Up 3.47% in One Week: What You Should Know
ZACKS· 2024-09-20 17:06
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Strength Seen in BancFirst (BANF): Can Its 4.0% Jump Turn into More Strength?
ZACKS· 2024-09-10 12:26
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 ...
BancFirst: Shares Still Look Pricey Amid Soft Earnings
Seeking Alpha· 2024-08-21 13:18
Walter Bibikow I didn't see much value in BancFirst (NASDAQ:BANF) when I opened on this Oklahoma-based bank last year. To quickly recap, BancFirst has a nice deposit base and earns above-average returns on tangible equity ("ROTE"), but ultimately the stock was trading for 2.4x tangible book value, and that looked rich given the numerous headwinds it was facing. As it happens, these shares have actually done quite well since then, lifted by the broader rally in regional bank stocks. While the bank has un ...