Alert: Positive Investment/Fundamental Signals (12/1/23)-BancFirst Corp (NASDAQ: BANF)


Recent exceptional positive changes in investment behavior have benefitted BancFirst Corp (NASDAQ: BANF): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.

BancFirst Corp (NASDAQ: BANF) has benefited from meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

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.


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 (High 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 73, resulting in the High Neutral Value Trend Rating.

Recent Price Action

BancFirst Corp (NASDAQ: BANF) stock closed at $90.02 on 12/1/23 after a large increase of 3.9%. Moreover, trading volume in this advance was above average at 138% of normal. The stock has risen 4.7% during the last week and has been strong relative to the market over the last nine months.

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