BancFirst (BANF) Soars 1.97% on Earnings Beat, Texas Expansion

BancFirst银行(BANF)涨1.62%，连涨2天，近2日涨1.96%。The share price rose to its highest level since December 2024 today, with an intraday gain of 1.97%.

Over the past five years, the strategy of buying BANF shares at their recent high and holding for one week yielded a 35.56% return, slightly underperforming the benchmark's 38.38% return. The strategy's Sharpe ratio was 0.41, indicating a moderate risk-adjusted return, with a maximum drawdown of -26.80% and a volatility of 26.11%. The CAGR was 10.73%, showing steady growth over the period.

BancFirst Corporation (BANF) has seen a positive shift in investor sentiment, with Yahoo Finance raising its target price for BANF to $127.00. This adjustment suggests a bullish outlook on the stock, potentially driving further price appreciation.

BancFirst's strategic expansion into the Texas market through the acquisition of Pegasus Bank for $122 million is a significant development. This move is expected to enhance the bank's growth prospects and market presence, which could positively impact its stock price.

In its latest earnings report, BancFirst exceeded expectations for the fourth quarter, beating estimates by $0.06 and reporting revenue that surpassed projections. This strong financial performance is likely to bolster investor confidence and contribute to the upward trend in BANF's stock price.