Charles Schwab Investment Management Inc. Has $20.24 Million Position in BancFirst Co. (NASDAQ:BANF)

Charles Schwab Investment Management Inc. increased its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 16.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 192,320 shares of the bank's stock after buying an additional 26,707 shares during the period. Charles Schwab Investment Management Inc. owned about 0.58% of BancFirst worth $20,242,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BancFirst Trust & Investment Management grew its position in shares of BancFirst by 50.8% during the third quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank's stock worth $177,936,000 after acquiring an additional 573,224 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of BancFirst by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank's stock valued at $87,888,000 after purchasing an additional 16,664 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of BancFirst in the third quarter valued at approximately $112,370,000. Principal Financial Group Inc. boosted its position in shares of BancFirst by 40.2% during the third quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank's stock worth $10,659,000 after buying an additional 29,050 shares during the period. Finally, Raymond James & Associates boosted its position in shares of BancFirst by 4.1% during the third quarter. Raymond James & Associates now owns 95,076 shares of the bank's stock worth $10,007,000 after buying an additional 3,720 shares during the period. Institutional investors and hedge funds own 51.72% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity at BancFirst

In other news, Director David E. Rainbolt sold 1,391 shares of BancFirst stock in a transaction that occurred on Wednesday, September 11th. The shares were 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 trade represents a 0.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William Scott Martin sold 24,607 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $124.70, for a total transaction of $3,068,492.90. Following the completion of the sale, the director now owns 224,499 shares of the company's stock, valued at approximately $27,995,025.30. This trade represents a 9.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 159,054 shares of company stock valued at $18,507,146 over the last ninety days. Insiders own 33.89% of the company's stock.

BancFirst Price Performance

NASDAQ BANF traded up $0.99 on Friday, reaching $128.91. 77,912 shares of the stock traded hands, compared to its average volume of 91,885. BancFirst Co. has a 12 month low of $81.21 and a 12 month high of $132.29. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 20.73 and a beta of 1.05. The firm's fifty day simple moving average is $115.61 and its 200 day simple moving average is $103.14. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its earnings results 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. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. The business had revenue of $163.67 million during the quarter, compared to analysts' expectations of $156.70 million. As a group, research analysts predict that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Dividend Announcement

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

BancFirst Profile

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.