BancFirst (BANF) Stock Is Up, What You Need To Know
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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
ReAlta Life Sciences Appoints Ellen Lubman as Chief Business Officer
By Karen Roman ReAlta Life Sciences, Inc. said it designated Ellen Lubman as Chief Business Officer to supervise business development, capital formation and corporate strategy. Ms. Lubman has nearly 25 years of experience across small to large-cap private and public biopharmaceutical companies with a track record in strategic, transactional, and operational roles, the company stated. She previously served as Chief Business Officer at Werewolf Therapeutics, Inc. (Nasdaq: HOWL), taking the company through multiple financings including an IPO, it said. 'Ellen is a highly respected executive with a strong track record of building partnerships, raising capital, and developing successful corporate strategies for biotech and pharmaceutical companies,' said David Marek, ReAlta's CEO. 'We are excited to welcome Ellen at such a pivotal moment for our business with all three clinical programs reading out this year.' Ms. Lubman holds an M.B.A. from Stanford Graduate School of Business and a B.A. in Biology from Rutgers College. READ MORE ReAlta Drug Shows Promise in Protecting Newborn Brains from Oxygen Deprivation Injuries Never Miss our Weekly Highlights Contact: Exec Edge Editor@ Click to follow us on LinkedIn Sign in to access your portfolio
Yahoo
5 minutes ago
- Yahoo
SoFi Technologies (SOFI) Stock Climbs On Strong Q2 Results, Raises Guidance
July 29 - SoFi Technologies (NASDAQ:SOFI) rose about 5% in premarket trading on Tuesday after beating the Q2 estimate and reporting higher revenue and earnings for the second quarter of 2025. Warning! GuruFocus has detected 7 Warning Sign with SOFI. The company posted net revenue of $854.9 million for the quarter ended June 30, up 43% from $598.6 million a year earlier. Adjusted net revenue reached $858.2 million, a 44% increase from the same period last year. Net income came in at $97.3 million, up from $17.4 million. Adjusted earnings before interest, taxes, depreciation and amortization increased 81% to $249.1 million. Fee-based revenue advanced 72% to $377.5 million as SoFi's loan platform and other services contributed more to results. Membership rose 34% year over year to 11.7 million, while total products on the platform grew to 17.1 million. Loan originations totaled $8.8 billion for the quarter, including gains in personal, student and home loans. The company said it raised full-year guidance, pointing to growth in products and demand for its technology platform. Based on the one year price targets offered by 16 analysts, the average target price for SoFi Technologies Inc is $16.63 with a high estimate of $27.00 and a low estimate of $6.00. The average target implies a downside of -20.90% from the current price of $21.02. Based on GuruFocus estimates, the estimated GF Value for SoFi Technologies Inc in one year is $11.50, suggesting a downside of -45.29% from the current price of $21.02. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page. This article first appeared on GuruFocus. 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
5 minutes ago
- Yahoo
Analysis-The most precarious job in America's boardrooms: CEO
By Svea Herbst-Bayliss and Isla Binnie NEW YORK (Reuters) -U.S. companies are removing their CEOs at the fastest clip in two decades, data shows, as increased scrutiny from shareholders and boards result in reduced tolerance for sub-par returns or wayward conduct. At least 41 CEOs have exited S&P 500 companies so far this year, compared with 49 for all of 2024 – making the fastest pace on an annualized basis since 2005, according to data from nonprofit executive research group The Conference Board and data analytics company ESGAUGE. In the latest example, consumer goods company Procter & Gamble, the maker of Tide laundry detergent and Bounty paper towels, said on Monday CEO Jon Moeller will be replaced next year by longtime executive Shailesh Jejurikar. Moeller, who has been CEO since 2021, will become executive chairman, a powerful role on the board that allows the former chief to retain a strong voice in company affairs. Before that in the last three weeks alone Tylenol-maker Kenvue replaced its CEO and health care products distributor Henry Schein said its CEO will leave at year's end. In interviews, more than a dozen executive recruiters, investors, bankers, lawyers and industry advisers attributed the high turnover this year to a range of reasons, some building up from economic and social changes since the Covid-19 pandemic. While high inflation, geopolitical instability and the Trump administration's trade war has complicated the job of CEOs, diversity gains made boards more independent and demanding of the person in the top job, these people said. At the same time, in a stock market setting new records but driven mostly by large tech names, underperformance had given activist investors, who push for corporate changes from selling a division to buying back more stock, greater sway, leading to management changes. "Trying to fire the CEO has become a referendum on what's perceived to be a failed company strategy," said Peter da Silva Vint, managing partner at consulting firm Jasper Street, which works with companies facing pressure from activist investors. "And investors have become more comfortable with it as a mechanism to send a message." CEOs at companies that are lagging their peers are most at risk for demands from activists, with almost half – 42% – of S&P 500 companies that changed leaders last year foundering in the bottom 25th percentile for total shareholder returns, according to a November study led by The Conference Board. Take the case of Kenvue, where the board said it was replacing CEO Thibaut Mongon "to unlock shareholder value and reach its full potential" after the stock had lost 16.5% since its spin out from Johnson & Johnson two years ago. In contrast the S&P 500 has climbed 41% since August 2023, when Kenvue became a fully independent company. Kenvue took action after three U.S. hedge funds -- Starboard Value, Tom's Capital and Third Point – agitated for change at the company, and Starboard CEO Jeffrey Smith got a board seat in March to settle that hedge fund's proxy fight. The battle at Kenvue continues, however. The other two funds continue to agitate for more changes, including divesting assets and possibly selling the entire company, according to people familiar with the matter. With a new CEO on board investors, are confident a sale is sure to follow, the sources said. Kenvue declined to comment, Mongon could not be reached for comment and the hedge funds did not respond to requests for comment. "Activist investors are feeling more empowered, and if they have bought into a company's five-year plan then they want someone to exercise it," said Georgetown University professor Jason Schloetzer, an expert in corporate governance. "And if the guy at the top can't do it, they'll find the next one." Beyond shareholder activism and performance, changes in the makeup of boards over the past decade when there had been a new focus on adding diversity was also playing a role in the shakeup at the top, corporate governance experts said. Such boards were acting with greater independence, putting CEOs on tighter leash, these people said. "Newer members have more objectivity relative to prior generations," said Jason Baumgarten, head of global board and CEO practice at executive recruitment firm Spencer Stuart. Another factor in the high CEO turnover: less tolerance of unethical behavior, especially after the #MeToo movement. Questions over personal conduct led to the departure of at least two of the 40 CEOs at S&P 500 -- at Kroger and Kohl's. Representatives for the companies did not respond to requests for comment and the former executives could not be reached for comment. But the trend goes beyond publicly traded companies as well. Earlier this month, Andy Byron, the married CEO at privately held technology company Astronomer, left his position after a video of him embracing the firm's human resources chief Kristin Cabot, who is not his wife, at a Coldplay concert went viral. Astronomer did not respond to a request for comment and Byron could not be reached. Reputational risk and corporate culture have become central to a company's long-term value, Jasper Street's da Silva Vint said. "Today's boards are far more willing to act decisively, removing executives, not only to enforce policy, but to protect shareholder, employee and public trust," he said.
