Earnings Estimates Moving Higher for BancFirst (BANF): Time to Buy?

Core Viewpoint - BancFirst (BANF) is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating a positive earnings outlook that may continue to drive stock price growth [1][2]. Earnings Estimate Revisions - Analysts have shown increasing optimism regarding BancFirst's earnings prospects, leading to higher earnings estimates that are expected to positively impact the stock price [2]. - The current-quarter earnings estimate is $1.66 per share, reflecting a year-over-year increase of +9.93%. The Zacks Consensus Estimate has risen by 10.67% over the past 30 days due to one upward revision and no negative revisions [5]. - For the full year, the earnings estimate stands at $6.76 per share, representing a +4.97% change from the previous year. The consensus estimate has increased by 7.3% following two upward revisions and no negative revisions in the last month [6][7]. Zacks Rank and Performance - BancFirst currently holds a Zacks Rank 1 (Strong Buy), which is based on favorable estimate revisions. This ranking is associated with a strong historical performance, with Zacks 1 Ranked stocks averaging an annual return of +25% since 2008 [3][8]. - The Zacks Rank system has demonstrated that stocks rated 1 (Strong Buy) and 2 (Buy) tend to significantly outperform the S&P 500 [8]. Recent Stock Performance - BancFirst shares have appreciated by 6.2% over the past four weeks, indicating investor confidence in the company's earnings growth potential driven by the positive estimate revisions [9].