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BANF

BancFirstNasdaqGS:BANF Stock Report

Last Price

US$77.95

Market Cap

US$2.5b

7D

4.9%

1Y

21.1%

Updated

18 Jan, 2022

Data

Company Financials +
BANF fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

BANF Stock Overview

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses.

BancFirst Competitors

First Financial Bankshares

NasdaqGS:FFIN

US$7.4b

Bank OZK

NasdaqGS:OZK

US$6.4b

ServisFirst Bancshares

NYSE:SFBS

US$4.6b

Home Bancshares (Conway AR)

NYSE:HOMB

US$4.2b

Price History & Performance

Summary of all time highs, changes and price drops for BancFirst
Historical stock prices
Current Share PriceUS$77.95
52 Week HighUS$78.50
52 Week LowUS$53.77
Beta1.36
1 Month Change16.36%
3 Month Change20.97%
1 Year Change21.10%
3 Year Change45.73%
5 Year Change64.63%
Change since IPO1,734.12%

Recent News & Updates

Dec 04
BancFirst (NASDAQ:BANF) Is Increasing Its Dividend To US$0.36

BancFirst (NASDAQ:BANF) Is Increasing Its Dividend To US$0.36

BancFirst Corporation ( NASDAQ:BANF ) has announced that it will be increasing its dividend on the 17th of January to...

Nov 30
Here's Why I Think BancFirst (NASDAQ:BANF) Might Deserve Your Attention Today

Here's Why I Think BancFirst (NASDAQ:BANF) Might Deserve Your Attention Today

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Sep 15
BancFirst (NASDAQ:BANF) Will Pay A Larger Dividend Than Last Year At US$0.36

BancFirst (NASDAQ:BANF) Will Pay A Larger Dividend Than Last Year At US$0.36

BancFirst Corporation's ( NASDAQ:BANF ) dividend will be increasing to US$0.36 on 15th of October. The announced...

Shareholder Returns

BANFUS BanksUS Market
7D4.9%-3.7%-3.5%
1Y21.1%29.3%10.2%

Return vs Industry: BANF underperformed the US Banks industry which returned 32.9% over the past year.

Return vs Market: BANF exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is BANF's price volatile compared to industry and market?
BANF volatility
BANF Average Weekly Movement3.0%
Banks Industry Average Movement3.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.4%

Stable Share Price: BANF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: BANF's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19842,036David Harlowhttps://www.bancfirst.bank

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. It operates through Metropolitan Banks, Community Banks, Pegasus Bank, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

BancFirst Fundamentals Summary

How do BancFirst's earnings and revenue compare to its market cap?
BANF fundamental statistics
Market CapUS$2.54b
Earnings (TTM)US$164.82m
Revenue (TTM)US$477.73m

15.4x

P/E Ratio

2.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BANF income statement (TTM)
RevenueUS$477.73m
Cost of RevenueUS$0
Gross ProfitUS$477.73m
ExpensesUS$312.91m
EarningsUS$164.82m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)5.06
Gross Margin100.00%
Net Profit Margin34.50%
Debt/Equity Ratio7.8%

How did BANF perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

27%

Payout Ratio

Valuation

Is BancFirst undervalued compared to its fair value and its price relative to the market?

16.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BANF ($77.95) is trading below our estimate of fair value ($93.46)

Significantly Below Fair Value: BANF is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BANF is poor value based on its PE Ratio (15.4x) compared to the US Banks industry average (11.3x).

PE vs Market: BANF is good value based on its PE Ratio (15.4x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

PEG Ratio: BANF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BANF is overvalued based on its PB Ratio (2.2x) compared to the US Banks industry average (1.2x).


Future Growth

How is BancFirst forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

-14.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BANF's earnings are forecast to decline over the next 3 years (-14.7% per year).

Earnings vs Market: BANF's earnings are forecast to decline over the next 3 years (-14.7% per year).

High Growth Earnings: BANF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BANF's revenue is expected to decline over the next 3 years (-1.4% per year).

High Growth Revenue: BANF's revenue is forecast to decline over the next 3 years (-1.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BANF's Return on Equity is forecast to be low in 3 years time (10.5%).


Past Performance

How has BancFirst performed over the past 5 years?

12.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BANF has high quality earnings.

Growing Profit Margin: BANF's current net profit margins (34.5%) are higher than last year (26.3%).


Past Earnings Growth Analysis

Earnings Trend: BANF's earnings have grown by 12.4% per year over the past 5 years.

Accelerating Growth: BANF's earnings growth over the past year (65.3%) exceeds its 5-year average (12.4% per year).

Earnings vs Industry: BANF earnings growth over the past year (65.3%) exceeded the Banks industry 43.7%.


Return on Equity

High ROE: BANF's Return on Equity (14.4%) is considered low.


Financial Health

How is BancFirst's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BANF's Assets to Equity ratio (9.9x) is low.

Allowance for Bad Loans: BANF has a sufficient allowance for bad loans (222%).

Low Risk Liabilities: 98% of BANF's liabilities are made up of primarily low risk sources of funding.

Loan Level: BANF has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: BANF's Loans to Deposits ratio (59%) is appropriate.

Level of Bad Loans: BANF has an appropriate level of bad loans (0.6%).


Dividend

What is BancFirst current dividend yield, its reliability and sustainability?

1.85%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BANF's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: BANF's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (3.44%).


Stability and Growth of Payments

Stable Dividend: BANF's dividends per share have been stable in the past 10 years.

Growing Dividend: BANF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (27.4%), BANF's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BANF's dividends in 3 years are forecast to be well covered by earnings (41.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.7yrs

Average management tenure


CEO

David Harlow (58 yo)

4.67yrs

Tenure

US$1,451,109

Compensation

Mr. David R. Harlow has been the Chief Executive Officer of Bancfirst Corporation since May 25, 2017 and serves as its President. Mr. Harlow served as President of BancFirst since 2003 until July 2017. He...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD1.45M) is below average for companies of similar size in the US market ($USD5.13M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: BANF's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: BANF's board of directors are seasoned and experienced ( 19 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

BancFirst Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: BancFirst Corporation
  • Ticker: BANF
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.539b
  • Shares outstanding: 32.57m
  • Website: https://www.bancfirst.bank

Number of Employees


Location

  • BancFirst Corporation
  • 100 North Broadway Avenue
  • Oklahoma City
  • Oklahoma
  • 73102
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/18 23:48
End of Day Share Price2022/01/18 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.