KBW Reiterates Market Perform on BancFirst

KBW is out with its report today on BancFirst BANF, reiterating Market Perform. In a note to clients, KBW writes, "A solid quarter despite the miss to estimates. Strong loan growth drove an increase in provisioning expenses which caused much of the miss, although we do not view this as a negative. We are lowering our 2011 and 2012 EPS estimates slightly. Reiterate Market Perform." KBW maintains a $38 PT on BANF. Shares of BANF closed Wednesday at $38.60, down 2.62% from Tuesday's close.
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Posted In: Analyst ColorAnalyst RatingsBancFirstFinancialsKBWRegional Banks
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