Alert: Positive Investment/Fundamental Signals (4/26/24)-BancFirst Corp (NASDAQ: BANF)

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BancFirst Corp (NASDAQ: BANF) has recently enjoyed significant positive changes in fundamentals. Positive developments: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and significant quarterly earnings acceleration occurred. Negative development: the stock’s power rating fell below 50.

Recent meaningful positive changes in investment behavior have benefitted BancFirst Corp (NASDAQ: BANF): its shorter term price trend turned up.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

BANF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

BancFirst has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. BancFirst has a neutral Appreciation Score of 56 and a neutral Power Rating of 45, triggering the Neutral Value Trend Rating.

Recent Price Action

BancFirst Corp (NASDAQ: BANF) stock declined slightly by -0.3% on 4/26/24. The stock closed at $89.08. This decline was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 8.6% during the last week.

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