Charles Schwab Investment Management Inc. Sells 5,133 Shares of BancFirst Co. (NASDAQ:BANF)

Charles Schwab Investment Management Inc. lowered its stake in shares of BancFirst Co. (NASDAQ:BANF) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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.

A number of other large investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC boosted its position in BancFirst by 3.5% during the third quarter. Sanctuary Advisors LLC now owns 3,214 shares of the bank’s stock worth $338,000 after purchasing an additional 110 shares during the period. Smartleaf Asset Management LLC boosted its position in BancFirst by 155.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 314 shares of the bank’s stock worth $38,000 after purchasing an additional 191 shares during the period. Victory Capital Management Inc. boosted its position in BancFirst by 2.9% during the third quarter. Victory Capital Management Inc. now owns 9,051 shares of the bank’s stock worth $953,000 after purchasing an additional 253 shares during the period. Los Angeles Capital Management LLC boosted its position in BancFirst by 1.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 20,056 shares of the bank’s stock worth $2,350,000 after purchasing an additional 331 shares during the period. Finally, KBC Group NV boosted its position in BancFirst by 85.6% during the fourth quarter. KBC Group NV now owns 1,162 shares of the bank’s stock worth $136,000 after purchasing an additional 536 shares during the period. Institutional investors own 51.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of BancFirst from a “sell” rating to a “hold” rating in a research note on Monday, March 3rd. Keefe, Bruyette & Woods raised their price objective on shares of BancFirst from $117.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In other BancFirst news, Director William Scott Martin sold 10,000 shares of BancFirst 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 directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Darryl Schmidt sold 5,000 shares of BancFirst stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $122.06, for a total value of $610,300.00. Following the transaction, the executive vice president now directly owns 43,564 shares of the company’s stock, valued at approximately $5,317,421.84. The trade was a 10.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,000 shares of company stock worth $2,994,350 over the last 90 days. Corporate insiders own 33.89% of the company’s stock.

BancFirst Trading Down 0.7 %

Shares of BancFirst stock opened at $110.35 on Wednesday. BancFirst Co. has a 1 year low of $81.21 and a 1 year 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’s fifty day simple moving average is $116.99 and its 200-day simple moving average is $115.46. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 17.14 and a beta of 1.03.

BancFirst (NASDAQ:BANF) last posted its quarterly earnings results on Thursday, January 23rd. The bank reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.07. BancFirst had a net margin of 23.52% and a return on equity of 14.21%. As a group, sell-side analysts expect that BancFirst Co. will post 6.52 EPS for the current year.

BancFirst Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.67%. BancFirst’s dividend payout ratio is currently 28.57%.

BancFirst Company 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.