Added to YB: 2024-04-04
Pitch date: 2024-04-03
BFCC [bullish]
BankFirst Capital Corporation
+71.34%
current return
Author Info
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Company Info
BankFirst Capital Corporation operates as the bank holding company for BankFirst Financial Services that provides banking and financial services to individual and corporate customers in Mississippi, and northwest and west Alabama.
Market Cap
$223.4M
Pitch Price
$27.67
Price Target
N/A
Dividend
2.44%
EV/EBITDA
N/A
P/E
9.76
EV/Sales
N/A
Sector
Banks
Category
growth
BankFirst Capital Corporation - $BFCC
BFCC: Strongly growing community bank at 5.5x P/E, 16% EPS CAGR since 2015 via M&A. Actually ~0.75x TBV adj for favorable $175M Treasury preferred equity (2% div). NIM compression reversing as fixed loans roll off. Major consolidation opp in fragmented mkt flush w/ gov grants. Mgmt experienced in M&A, own 28%. Risks: target mkt, political. Cheap at 5.5x P/E, 0.75x TBV w/ EPS growth & NIM tailwinds.
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