BancFirst price target raised to $91 from $84 at DA Davidson

DA Davidson raised the firm’s price target on BancFirst to $91 from $84 and keeps a Neutral rating on the shares. The company’s Q2 results were “solid” with a stable net interest margin, even though its net interest income declined as the balance sheet contacted due to lower deposits, the analyst tells investors in a research note. BancFirst’s loan growth has also been stronger than expected, the firm adds.