BANF
BancFirst Corporation
BANF's outlook is improving, though it still trails on the overall score.
MS
Morgan Stanley
MS has the edge over BANF overall, supported by stronger fundamentals and stronger modeled upside.
BANF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BANF's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BANF.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
BANF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 13x | $101 | -15% |
| Forward | 15x | $119 | — |
| Fair | 16x | $118 | -0.9% |
| Current | 16x | $119 | — |
| Expensive | 19x | $144 | +22% |
Historical ranges are pointers, not guarantees.
BANF has the edge over MS in the historical PE scenario, which offers more potential upside but is not a forecast.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
BANF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BANF, with profitability improving.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
BANF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.12 | +7.9% |
| Q3 2026 | $7.53 | +7% |
| Q2 2026 | $7.41 | +6.8% |
| Q1 2026 | $7.30 | +11% |
| Q4 2025 | $7.11 | +10% |
| Q3 2025 | $7.04 | +13% |
| Q2 2025 | $6.94 | +16% |
| Q1 2025 | $6.60 | +7.8% |
| Q4 2024 | $6.44 | +1.6% |
BANF's earnings per share have climbed steadily: $7.53 over the past year, up 7% from the year before, and higher year over year for eight quarters in a row.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over BANF on earnings, with stronger typical year-over-year growth.
BANF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $187.4M | +6.8% |
| Q2 2026 | $187.5M | +11% |
| Q1 2026 | $179M | +8.6% |
| Q4 2025 | $181M | +11% |
| Q3 2025 | $175.5M | +7.2% |
| Q2 2025 | $169.3M | +10% |
| Q1 2025 | $164.8M | +9.2% |
| Q4 2024 | $162.9M | +8.5% |
BANF's revenue has grown year over year for nine quarters in a row: $187M last quarter, up 6.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | +0.9 points |
| Q2 2026 | 45% | -1.7 points |
| Q1 2026 | 45% | +1.6 points |
| Q4 2025 | 42% | -2.6 points |
| Q3 2025 | 45% | -0.1 points |
| Q2 2025 | 47% | +4.7 points |
| Q1 2025 | 43% | +0.6 points |
| Q4 2024 | 44% | +4 points |
BANF has the edge over MS on profitability, with a higher operating margin.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS has the edge over BANF on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS's operating margin was 32% last quarter, down 1.2 points from the same quarter a year ago.
BANF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $69.9M | +9.7% |
| Q2 2026 | $73.3M | +14% |
| Q1 2026 | $65.1M | -0.9% |
| Q4 2025 | $43.2M | +2075% |
| Q3 2025 | $63.7M | -12% |
| Q2 2025 | $64.4M | -32% |
| Q1 2025 | $65.6M | +17% |
| Q4 2024 | $2M | -95% |
BANF has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
BANF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +28.6K shares |
| 1 year | +0.7% | +222K shares |
| 3 years | +1.6% | +547K shares |
| 5 years | +2.5% | +818K shares |
| Available history | +2.3% | +756K shares |
BANF has 34M diluted shares, up 0.7% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q4 2021 | $1,000 |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $3.1M |
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has the edge over BANF on shareholder dilution, with a more favorable share count trend.
BANF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.3x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.5x | Net Cash |
| Q4 2025 | -0.4x | Net Cash |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -0.6x | Net Cash |
| Q4 2024 | -0.5x | Net Cash |
BANF has the edge over MS on leverage, with a lower net debt burden relative to earnings.
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
BANF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.4 | Neutral |
| Stochastic | 73.9 | Neutral |
BANF's weekly RSI is 60 (neutral) and its Stochastic is 74 (neutral).
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
BANF PE vs Financial Services Sector
| Metric | BANF | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 21% above |
| PE % | 53 | 63 | 10 pts below |
BANF is trading at 16x earnings, a 21% premium to the Financial Services sector's median of 13x.
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS has the edge over BANF on valuation relative to its sector.
BANF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $110.9 | 6.9% above |
| 20 week MA | $112.3 | 5.6% above |
| 50 week MA | $111.8 | 6.1% above |
| 100 week MA | $115.8 | 2.4% above |
| 200 week MA | $104.6 | 13% above |
BANF has the edge over MS on trend strength, trading above more of its moving averages.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS's trend is mixed: it's above three of its five weekly moving averages, and 46% above its 200-week average.
BANF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $63.3 | $58.1 | -8.2% |
| 2021 | $58.1 | $69.1 | +19% |
| 2022 | $69.1 | $88.6 | +28% |
| 2023 | $88.6 | $97.3 | +9.9% |
| 2024 | $97.3 | $119.9 | +23% |
| 2025 | $119.9 | $109.7 | -8.5% |
| 2026 YTD | $109.7 | $118.6 | +8.1% |
BANF has the edge over MS on returns for 2026, with the stronger performance.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has finished higher in five of the last six years. It's up 4% so far in 2026.