Latest news with #BancFirst
Yahoo
18-07-2025
- Business
- Yahoo
BancFirst (BANF) Stock Is Up, What You Need To Know
What Happened? Shares of oklahoma-based financial institution BancFirst Corporation (NASDAQ:BANF) jumped 3.5% in the morning session after the company reported second-quarter earnings and revenue that surpassed analyst expectations. The Oklahoma-based bank announced net income of $62.3 million, or $1.85 per diluted share, a significant increase from the $50.6 million, or $1.51 per share, reported in the same quarter of the previous year. This performance comfortably beat the consensus analyst estimate of $1.65 per share. Revenue for the quarter reached $169.3 million, also exceeding forecasts. The growth was driven by a rise in net interest income to $121.3 million, up from $109.9 million a year prior, which the company attributed to higher loan volume and overall growth in earning assets. Following the strong results, analysts at Keefe, Bruyette & Woods raised their price target on the stock to $132.00 from $123.00, while maintaining a "Market Perform" rating. After the initial pop the shares cooled down to $133.82, up 1.8% from previous close. Is now the time to buy BancFirst? Access our full analysis report here, it's free. What Is The Market Telling Us BancFirst's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The previous big move we wrote about was about 22 hours ago when the stock gained 3.5% as the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy. Adding to the positive sentiment, the latest data on unemployment claims showed a decrease in the number of workers applying for benefits, signaling that layoffs remain limited and the job market is steady. This combination of strong earnings reports, retail sales, and a solid labor market suggests the economy is navigating challenges successfully. BancFirst is up 15.3% since the beginning of the year, and at $133.82 per share, has set a new 52-week high. Investors who bought $1,000 worth of BancFirst's shares 5 years ago would now be looking at an investment worth $3,522. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.
Yahoo
17-07-2025
- Business
- Yahoo
BancFirst, Bath and Body Works, Brown-Forman, Warner Bros. Discovery, and Lululemon Shares Skyrocket, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy. Adding to the positive sentiment, the latest data on unemployment claims showed a decrease in the number of workers applying for benefits, signaling that layoffs remain limited and the job market is steady. This combination of strong earnings reports, retail sales, and a solid labor market suggests the economy is navigating challenges successfully. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Regional Banks company BancFirst (NASDAQ:BANF) jumped 3.5%. Is now the time to buy BancFirst? Access our full analysis report here, it's free. Beauty and Cosmetics Retailer company Bath and Body Works (NYSE:BBWI) jumped 3.1%. Is now the time to buy Bath and Body Works? Access our full analysis report here, it's free. Beverages, Alcohol, and Tobacco company Brown-Forman (NYSE:BF.B) jumped 3.2%. Is now the time to buy Brown-Forman? Access our full analysis report here, it's free. Media company Warner Bros. Discovery (NASDAQ:WBD) jumped 3.1%. Is now the time to buy Warner Bros. Discovery? Access our full analysis report here, it's free. Apparel Retailer company Lululemon (NASDAQ:LULU) jumped 3.1%. Is now the time to buy Lululemon? Access our full analysis report here, it's free. Zooming In On BancFirst (BANF) BancFirst's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. BancFirst is up 13.4% since the beginning of the year, and at $131.65 per share, has set a new 52-week high. Investors who bought $1,000 worth of BancFirst's shares 5 years ago would now be looking at an investment worth $3,327. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
17-07-2025
- Business
- Yahoo
BancFirst, Bath and Body Works, Brown-Forman, Warner Bros. Discovery, and Lululemon Shares Skyrocket, What You Need To Know
What Happened? A number of stocks jumped in the afternoon session after the second quarter (2025) earnings season got off to a strong start. Quarterly earnings reports released during the week exceeded Wall Street's expectations, fueling investor confidence. Around 50 S&P 500 components reported, with 88% of those exceeding analysts' expectations, FactSet data revealed. Investors were also encouraged by several positive reports that painted a picture of a resilient consumer. One key report revealed that shoppers increased their spending at U.S. retailers more than economists had anticipated. Precisely, retail sales increased 0.6% from May, surpassing the 0.2% estimate. This robust consumer spending is a crucial pillar supporting the economy. Adding to the positive sentiment, the latest data on unemployment claims showed a decrease in the number of workers applying for benefits, signaling that layoffs remain limited and the job market is steady. This combination of strong earnings reports, retail sales, and a solid labor market suggests the economy is navigating challenges successfully. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Regional Banks company BancFirst (NASDAQ:BANF) jumped 3.5%. Is now the time to buy BancFirst? Access our full analysis report here, it's free. Beauty and Cosmetics Retailer company Bath and Body Works (NYSE:BBWI) jumped 3.1%. Is now the time to buy Bath and Body Works? Access our full analysis report here, it's free. Beverages, Alcohol, and Tobacco company Brown-Forman (NYSE:BF.B) jumped 3.2%. Is now the time to buy Brown-Forman? Access our full analysis report here, it's free. Media company Warner Bros. Discovery (NASDAQ:WBD) jumped 3.1%. Is now the time to buy Warner Bros. Discovery? Access our full analysis report here, it's free. Apparel Retailer company Lululemon (NASDAQ:LULU) jumped 3.1%. Is now the time to buy Lululemon? Access our full analysis report here, it's free. Zooming In On BancFirst (BANF) BancFirst's shares are not very volatile and have only had 6 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. BancFirst is up 13.4% since the beginning of the year, and at $131.65 per share, has set a new 52-week high. Investors who bought $1,000 worth of BancFirst's shares 5 years ago would now be looking at an investment worth $3,327. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Yahoo
03-07-2025
- Business
- Yahoo
Are Finance Stocks Lagging BancFirst (BANF) This Year?
Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. BancFirst (BANF) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question. BancFirst is one of 870 companies in the Finance group. The Finance group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. BancFirst is currently sporting a Zacks Rank of #2 (Buy). Over the past 90 days, the Zacks Consensus Estimate for BANF's full-year earnings has moved 8.3% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend. According to our latest data, BANF has moved about 10.8% on a year-to-date basis. Meanwhile, stocks in the Finance group have gained about 9% on average. This means that BancFirst is outperforming the sector as a whole this year. Another Finance stock, which has outperformed the sector so far this year, is Capital City Bank (CCBG). The stock has returned 11.4% year-to-date. For Capital City Bank, the consensus EPS estimate for the current year has increased 9.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, BancFirst belongs to the Banks - Southwest industry, a group that includes 19 individual stocks and currently sits at #51 in the Zacks Industry Rank. On average, this group has gained an average of 3.8% so far this year, meaning that BANF is performing better in terms of year-to-date returns. In contrast, Capital City Bank falls under the Banks - Southeast industry. Currently, this industry has 54 stocks and is ranked #57. Since the beginning of the year, the industry has moved +4.3%. BancFirst and Capital City Bank could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BancFirst Corporation (BANF) : Free Stock Analysis Report Capital City Bank Group (CCBG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-06-2025
- Business
- Yahoo
Regional Banks Stocks Q1 Highlights: BancFirst (NASDAQ:BANF)
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at regional banks stocks, starting with BancFirst (NASDAQ:BANF). Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. In light of this news, share prices of the companies have held steady as they are up 1.6% on average since the latest earnings results. Operating as a "super community bank" with a decentralized management approach that emphasizes local responsiveness, BancFirst Corporation (NASDAQ:BANF) operates as a financial holding company providing commercial banking services to retail customers and small to medium-sized businesses primarily in Oklahoma and Texas. BancFirst reported revenues of $164.8 million, up 8.9% year on year. This print exceeded analysts' expectations by 2.4%. Overall, it was a strong quarter for the company with a solid beat of analysts' net interest income estimates and a narrow beat of analysts' tangible book value per share estimates. BancFirst Corporation CEO David Harlow commented, "The Company continues to perform fundamentally well; however, the current bond and equity market volatility presents a unique backdrop. The ultimate impact on our region's economy, our customers and, thus, credit quality remains to be seen. We are cautious in our outlook for the remainder of the year with the likelihood of an economic slowdown increasing and, as a result, our reserve for credit losses as a percentage of loans is unchanged from year-end 2024." Interestingly, the stock is up 9.5% since reporting and currently trades at $119.90. Is now the time to buy BancFirst? Access our full analysis of the earnings results here, it's free. Founded in 1784 as one of the oldest banks in the Western Hemisphere, Butterfield Bank (NYSE:NTB) provides banking, wealth management, and trust services to individuals and businesses in select offshore financial centers including Bermuda, Cayman Islands, and the Channel Islands. Butterfield Bank reported revenues of $147.8 million, up 3.7% year on year, outperforming analysts' expectations by 4.4%. The business had a stunning quarter with a solid beat of analysts' net interest income estimates and an impressive beat of analysts' EPS estimates. However, the results were likely priced into the stock as it's traded sideways since reporting. Shares currently sit at $42.41. Is now the time to buy Butterfield Bank? Access our full analysis of the earnings results here, it's free. Originally focused on traditional banking before pivoting to serve the transportation sector, Triumph Financial (NASDAQ:TFIN) provides specialized financial services to the trucking industry, including payments processing, factoring, banking, and data intelligence solutions. Triumph Financial reported revenues of $100.8 million, flat year on year, falling short of analysts' expectations by 3.8%. It was a disappointing quarter as it posted a significant miss of analysts' tangible book value per share and net interest income estimates. Interestingly, the stock is up 15% since the results and currently trades at $57.31. Read our full analysis of Triumph Financial's results here. Tracing its roots back to 1864 during the Civil War era, First Horizon (NYSE:FHN) is a Tennessee-based bank holding company that provides commercial and consumer banking, wealth management, and specialty financial services across multiple states. First Horizon reported revenues of $812 million, flat year on year. This result missed analysts' expectations by 1.3%. All in all, it was a mixed quarter for the company. The stock is up 8.2% since reporting and currently trades at $19.03. Read our full, actionable report on First Horizon here, it's free. With roots dating back to 1898 and a significant expansion through its 2023 acquisition of Silicon Valley Bank, First Citizens BancShares (NASDAQGS:FCNC.A) is a bank holding company that provides financial services to individuals and businesses through its First-Citizens Bank & Trust Company subsidiary. First Citizens BancShares reported revenues of $2.30 billion, down 6% year on year. This number came in 1.3% below analysts' expectations. It was a slower quarter as it also produced a miss of analysts' net interest income estimates and EPS in line with analysts' estimates. The stock is up 2.7% since reporting and currently trades at $1,819. Read our full, actionable report on First Citizens BancShares here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our 9 Best Market-Beating Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
