BancFirst (BANF, Financial) reported that its nonaccrual loans amounted to $56.4 million as of March 31, accounting for 0.70% of its total loans. This marks a slight improvement from the 0.72% recorded at the close of 2024.
The company's leadership remains cautiously optimistic regarding future performance, acknowledging the current volatility within bond and equity markets as a significant factor influencing economic conditions. The potential impact of these market fluctuations on the regional economy and BancFirst's customers—and consequently on credit quality—remains uncertain.
In anticipation of an economic downturn, the bank has opted to maintain its credit loss reserves at the same level as at the end of 2024. This decision reflects a prudent approach amidst increasing signs of a potential economic slowdown.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for BancFirst Corp (BANF, Financial) is $122.67 with a high estimate of $125.00 and a low estimate of $120.00. The average target implies an upside of 11.98% from the current price of $109.54. More detailed estimate data can be found on the BancFirst Corp (BANF) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, BancFirst Corp's (BANF, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for BancFirst Corp (BANF, Financial) in one year is $108.77, suggesting a downside of 0.7% from the current price of $109.54. 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. More detailed data can be found on the BancFirst Corp (BANF) Summary page.
