Citigroup Inc. Has $3.91 Million Position in BancFirst Co. (NASDAQ:BANF)

Citigroup Inc. increased its position in BancFirst Co. (NASDAQ:BANF - Free Report) by 39.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,107 shares of the bank's stock after purchasing an additional 10,425 shares during the quarter. Citigroup Inc. owned approximately 0.11% of BancFirst worth $3,906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of BancFirst by 16.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 192,320 shares of the bank's stock valued at $20,242,000 after acquiring an additional 26,707 shares during the period. Intech Investment Management LLC acquired a new stake in shares of BancFirst in the third quarter valued at $671,000. Thrivent Financial for Lutherans increased its stake in shares of BancFirst by 29.1% in the third quarter. Thrivent Financial for Lutherans now owns 15,559 shares of the bank's stock valued at $1,638,000 after buying an additional 3,509 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of BancFirst by 24.9% in the third quarter. Mutual of America Capital Management LLC now owns 2,979 shares of the bank's stock valued at $314,000 after buying an additional 593 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of BancFirst by 2.9% in the third quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank's stock valued at $953,000 after buying an additional 253 shares in the last quarter. 51.72% of the stock is owned by institutional investors.

BancFirst Stock Up 2.1 %

Shares of NASDAQ:BANF traded up $2.70 during trading on Wednesday, hitting $128.68. 63,704 shares of the company's stock traded hands, compared to its average volume of 85,052. BancFirst Co. has a 52 week low of $81.21 and a 52 week high of $132.29. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 20.31 and a beta of 1.05. The company has a 50-day moving average price of $114.17 and a 200-day moving average price of $102.42.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.18. The business had revenue of $163.67 million for the quarter, compared to analysts' expectations of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. As a group, research analysts forecast that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Tuesday, December 31st. BancFirst's payout ratio is 29.58%.

Insider Buying and Selling at BancFirst

In other BancFirst news, Director David E. Rainbolt sold 1,391 shares of the company's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $105.01, for a total value of $146,068.91. Following the transaction, the director now directly owns 215,024 shares of the company's stock, valued at $22,579,670.24. This represents a 0.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William Scott Martin sold 24,607 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $124.70, for a total value of $3,068,492.90. Following the completion of the transaction, the director now directly owns 224,499 shares in the company, valued at approximately $27,995,025.30. This represents a 9.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 159,054 shares of company stock worth $18,507,146. Corporate insiders own 33.89% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BANF. Keefe, Bruyette & Woods raised their target price on BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research note on Wednesday. DA Davidson lifted their price objective on BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, October 21st. Finally, StockNews.com upgraded BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th.

About BancFirst

BancFirst Corporation operates as the bank holding company for BancFirst that provides a range of commercial banking services to retail customers, and small to medium-sized businesses. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.