For its fourth fiscal quarter (ending December 31), BancFirst Corp (NASDAQ: BANF) has reported a -15% decline in E.P.S. from $1.74 a year ago to $1.48 in the current quarter. However, this result exceeded the consensus estimate of $1.44 by $0.04. For the latest four quarters through December 31, E.P.S. were $6.45 versus $5.89 for the same period a year ago — an increase of 10%.
Recent Price Action
BancFirst Corp (NASDAQ: BANF) stock closed at $89.96 on 1/18/24 after an increase of 1.2%. However, this advance was accompanied by unusually low trading volume at 65% of normal. The stock has declined -3.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BANF is expected to continue to be a Value Builder.
BancFirst has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. BancFirst has a neutral Appreciation Score of 46 but a good Power Rating of 75, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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