BancFirstNASDAQ: BANF

Does BancFirst (BANF) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how BancFirst (BANF) and Manulife Financial (MFC) have performed compared to their sector so far this year.

BancFirst (BANF) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

BancFirst (BANF) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $1.52 per share a year ago.

OKLAHOMA CITY , Oct. 17, 2024 /PRNewswire/ -- BancFirst Corporation (NASDAQ GS:BANF) reported net income of $58.9 million, or $1.75 per diluted share, for the third quarter of 2024 compared to net income of $51.0 million, or $1.52 per diluted share, for the third quarter of 2023. The Company's net interest income for the third quarter of 2024 increased to $115.0 million from $104.3 million for the same period in 2023.

BancFirst (BANF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

BancFirst (BANF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Does BancFirst (BANF) have what it takes to be a top stock pick for momentum investors? Let's find out.

Shares of Oklahoma-based BancFirst have done okay since my opening piece last year, lifted by the broader rally in regional bank stocks. Earnings have been fairly muted as expected, with net interest income still recovering from recent funding cost pressure and non-interest income hit by a reduction in swipe fees. Currently trading for over 2.5x tangible book value, these shares are now even more expensive than at opening coverage, with earnings set to remain fairly flat in the near term.