BancFirst Corporation (NASDAQ:BANF) Stock is Plummeting, Here is Why

BancFirst Corporation (NASDAQ:BANF) Stock is Plummeting, Here is Why


The BancFirst Corporation (BANF) shares are trading at lower $43.56 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $44.25.

To add more color to this target, the company’s high over the last year is $63.96 and the low is $26.00. Over the last 52 weeks, BANF is down -31.89% while the S&P 500 is up 0.79%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BANF reported a profit of $74.07 million. BancFirst Corporation also saw revenues increase to $83.97 million. In addition, BANF has free cash flow of $23.91 million as of 03-2020.

BANF booked profit margins of 40.40%, its Return on Equity (ROE) is 13.60%, and its Return on Assets is 1.60%. All told, it is clear that, BANF needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BANF has a short ratio of 4.96 and outstanding shares of 32.68M.

Company Outlook

BANF has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.86 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.37. Investors should also keep an eye on sector updates as BANF has historically followed its peers on positive news.

All told, BancFirst Corporation BANF has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BANF represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

BancFirst Corporation BANF is now commanding a market cap of 1.51B and a float of 13.55M. BANF is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BANF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BANF, either long or short, and we have not been compensated for this article.