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BancFirst Corporation: Margin Outlook Remains Bright, However, Stock Appears Costly

Sheen Bay Research profile picture
Sheen Bay Research


  • The margin will likely continue to grow this year due to the deployment of excess cash as well as the rise in market interest rates.
  • Loan growth will likely be below average due to economic headwinds.
  • Provisioning will likely also be below average. BANF currently appears to have an excessively high reserve for loan losses.
  • The December 2023 target price suggests a small downside from the current market price. Further, BANF is offering a low and unattractive dividend yield.
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Oleksii Liskonih

Earnings of BancFirst Corporation (NASDAQ: NASDAQ:BANF) will most probably increase this year on the back of an asset mix improvement and higher interest rates, both of which will boost the margin. Further, subdued loan growth and below-average provisioning will support earnings. Overall, I'm expecting BancFirst

This article was written by

Sheen Bay Research profile picture
Around 10 years of experience covering Banks and Macroeconomics. Passionate about discovering lucrative investments and generating alpha.

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