Schwab Charles Investment Management Inc. Has $7.08 Million Stake in BancFirst Co. (BANF)

Schwab Charles Investment Management Inc. grew its position in shares of BancFirst Co. (NASDAQ:BANF) by 119.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,697 shares of the bank’s stock after purchasing an additional 67,994 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.39% of BancFirst worth $7,077,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its position in shares of BancFirst by 7.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,301 shares of the bank’s stock worth $125,000 after buying an additional 86 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of BancFirst by 336.5% during the second quarter. BNP Paribas Arbitrage SA now owns 1,314 shares of the bank’s stock worth $127,000 after buying an additional 1,013 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of BancFirst by 17.6% during the second quarter. Victory Capital Management Inc. now owns 2,090 shares of the bank’s stock worth $202,000 after buying an additional 313 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of BancFirst during the third quarter worth approximately $134,000. Finally, Great West Life Assurance Co. Can grew its position in shares of BancFirst by 100.0% during the third quarter. Great West Life Assurance Co. Can now owns 2,630 shares of the bank’s stock worth $149,000 after buying an additional 1,315 shares in the last quarter. Institutional investors own 33.10% of the company’s stock.

BANF has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Zacks Investment Research downgraded shares of BancFirst from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th.

Shares of BancFirst Co. (BANF) opened at $52.85 on Friday. The firm has a market cap of $1,650.87, a P/E ratio of 20.02, a PEG ratio of 1.74 and a beta of 0.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.02. BancFirst Co. has a 1 year low of $42.50 and a 1 year high of $61.05.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Thursday, December 28th. BancFirst’s dividend payout ratio is presently 31.82%.

In other BancFirst news, major shareholder Banking Ltd Ptnrshp R sold 10,700 shares of BancFirst stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $56.38, for a total value of $603,266.00. Following the completion of the transaction, the insider now owns 10,989,300 shares of the company’s stock, valued at $619,576,734. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Darryl Schmidt sold 2,000 shares of BancFirst stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $56.10, for a total transaction of $112,200.00. Following the completion of the transaction, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $112,200. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,741 shares of company stock valued at $1,051,262. 42.32% of the stock is currently owned by corporate insiders.

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BancFirst Profile

BancFirst Corporation is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support.

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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