
BancFirst (BANF) Stock Forecast & Price Target
BancFirst (BANF) Analyst Ratings
Bulls say
BancFirst Corp demonstrated a robust financial performance with a 15.8% annualized increase in average earning assets, contributing to a sequential rise in net interest income (NII). Additionally, the company's increase in net interest margin (NIM), driven by a 5 basis point rise in asset yield, reflects strong loan performance, with average loan yields reaching 7.08%. Moreover, BancFirst's tangible common equity (TCE) ratio improved to 10.49%, alongside a 3% sequential rise in tangible book value, highlighting the bank's solid capital generation and overall profitability.
Bears say
BancFirst's outlook is tempered by potential risks associated with asset quality deterioration and the energy sector's impact on regional economic growth, which may hinder loan growth and lead to a less favorable earning asset mix. Additionally, off-balance sheet sweep deposits decreased by 2% quarter-over-quarter, indicating a potential reduction in cash management fee income, while projections suggest a decline in net interest margin (NIM) over the next few quarters due to anticipated Federal Reserve rate cuts. Despite reporting a higher pretax operating income, concerns over lagging deposit growth relative to loans underscore the financial strain on BancFirst's operational performance moving forward.
This aggregate rating is based on analysts' research of BancFirst and is not a guaranteed prediction by Public.com or investment advice.
BancFirst (BANF) Analyst Forecast & Price Prediction
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