Charles Schwab Investment Management Inc. reduced its holdings in BancFirst Co. (NASDAQ:BANF - Free Report) by 2.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,187 shares of the bank's stock after selling 5,133 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.57% of BancFirst worth $21,935,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its holdings in shares of BancFirst by 39.1% in the 3rd quarter. Citigroup Inc. now owns 37,107 shares of the bank's stock valued at $3,906,000 after buying an additional 10,425 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of BancFirst by 3.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank's stock valued at $338,000 after buying an additional 110 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of BancFirst by 40.2% in the 3rd quarter. Principal Financial Group Inc. now owns 101,276 shares of the bank's stock valued at $10,659,000 after buying an additional 29,050 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of BancFirst by 33.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,204 shares of the bank's stock valued at $13,599,000 after buying an additional 32,636 shares during the period. Finally, Geode Capital Management LLC increased its stake in BancFirst by 13.7% in the 3rd quarter. Geode Capital Management LLC now owns 482,785 shares of the bank's stock valued at $50,823,000 after purchasing an additional 58,016 shares in the last quarter. 51.72% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective on BancFirst from $117.00 to $135.00 and gave the company a "market perform" rating in a research note on Wednesday, December 4th. StockNews.com raised BancFirst from a "sell" rating to a "hold" rating in a research note on Monday, March 3rd.
Check Out Our Latest Stock Analysis on BancFirst
BancFirst Price Performance
NASDAQ BANF traded down $0.01 during mid-day trading on Friday, hitting $109.61. The stock had a trading volume of 455,196 shares, compared to its average volume of 93,416. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $116.81 and a 200 day simple moving average of $115.41. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 17.02 and a beta of 1.03. BancFirst Co. has a 52-week low of $81.21 and a 52-week high of $132.29.
BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.07. BancFirst had a return on equity of 14.21% and a net margin of 23.52%. Equities analysts forecast that BancFirst Co. will post 6.52 EPS for the current fiscal year.
BancFirst Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Monday, March 31st. BancFirst's payout ratio is 28.57%.
Insiders Place Their Bets
In other BancFirst news, Director William Scott Martin sold 10,000 shares of the firm's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $119.13, for a total transaction of $1,191,300.00. Following the completion of the transaction, the director now owns 214,499 shares of the company's stock, valued at approximately $25,553,265.87. This trade represents a 4.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director F Ford Drummond sold 5,000 shares of the firm's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the director now directly owns 6,000 shares of the company's stock, valued at $723,480. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,000 shares of company stock valued at $2,994,350. Corporate insiders own 33.89% of the company's stock.
BancFirst Profile
(
Free Report)
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.
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