BancFirst Corporation Second Quarter Earnings Sneak Peek

BancFirst Corporation (NASDAQ:BANF) will unveil its latest earnings on Monday, July 11, 2011. BancFirst Corporation is a financial holding company through its subsidiary, BancFirst provides a full range of commercial banking services to retail customers and small to medium-sized businesses.

BancFirst Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 69 cents per share, a decline of 2.8% from the company’s actual earnings for the same quarter a year ago. For the year, analysts are projecting net income of $2.91 per share, a rise of 7.8% from last year.

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Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 22.1% while it rose 3.5% in the fourth quarter of the last fiscal year and 25.5% in the third quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 8.4% to $62 million while the figure rose 7.5% in the fourth quarter of the last fiscal year from the year earlier and 3.4% in the third quarter of the last fiscal year.

Competitors to Watch: Southwest Bancorp, Inc. (NASDAQ:OKSB), BOK Financial Corporation (NASDAQ:BOKF), Intl. Bancshares Corp. (NASDAQ:IBOC), Cullen/Frost Bankers, Inc. (NYSE:CFR), Hancock Holding Company (NASDAQ:HBHC), Encore Bancshares, Inc (NASDAQ:EBTX), Simmons First National Corp. (NASDAQ:SFNC), MidSouth Bancorp, Inc. (AMEX:MSL), First Financial Bankshares, Inc. (NASDAQ:FFIN), and Southside Bancshares, Inc. (NASDAQ:SBSI).

Stock Price Performance: During April 6, 2011 to July 1, 2011, the stock price has fallen $3.62 (-8.5%) from $42.43 on April 6, 2011 to $38.81 on July 1, 2011. The stock price saw one of its best stretches over the last year between January 11, 2011, and January 18, 2011, when shares rose for five-straight days, rising 4.1% (+$1.73) over that span. It saw one of its worst periods between April 7, 2011, and April 14, 2011, when shares fell for six-straight days, falling 3.6% (-$1.50) over that span. Shares are down $1.87 (-4.6%) year to date.

(Source: Xignite Financials)

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