Schwab Charles Investment Management Inc. Buys 1,710 Shares of BancFirst Co. (BANF)

Schwab Charles Investment Management Inc. raised its stake in shares of BancFirst Co. (NASDAQ:BANF) by 1.3% during the second quarter, HoldingsChannel.com reports. The firm owned 134,491 shares of the bank’s stock after buying an additional 1,710 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in BancFirst were worth $7,962,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in BancFirst during the first quarter valued at approximately $155,000. State Board of Administration of Florida Retirement System bought a new position in shares of BancFirst during the second quarter valued at approximately $210,000. Meeder Asset Management Inc. bought a new position in shares of BancFirst during the second quarter valued at approximately $284,000. Barclays PLC grew its stake in shares of BancFirst by 84.1% during the first quarter. Barclays PLC now owns 4,933 shares of the bank’s stock valued at $262,000 after buying an additional 2,253 shares during the last quarter. Finally, Xact Kapitalforvaltning AB bought a new position in shares of BancFirst during the first quarter valued at approximately $285,000. Institutional investors and hedge funds own 33.38% of the company’s stock.

In related news, insider Kevin Lawrence sold 5,000 shares of the stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $64.00, for a total value of $320,000.00. Following the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $320,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider David Seat sold 528 shares of the stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $61.25, for a total value of $32,340.00. Following the completion of the transaction, the insider now directly owns 8,028 shares in the company, valued at approximately $491,715. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,632 shares of company stock worth $550,609. Insiders own 42.32% of the company’s stock.

A number of research analysts have recently commented on BANF shares. BidaskClub cut BancFirst from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. ValuEngine cut BancFirst from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research cut BancFirst from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th.

BANF opened at $60.35 on Thursday. The company has a market cap of $2.02 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.68 and a beta of 0.67. BancFirst Co. has a one year low of $50.80 and a one year high of $65.70. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04.

BancFirst (NASDAQ:BANF) last released its earnings results on Friday, July 20th. The bank reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. The firm had revenue of $95.32 million for the quarter, compared to analysts’ expectations of $94.26 million. BancFirst had a return on equity of 13.04% and a net margin of 25.59%. equities research analysts predict that BancFirst Co. will post 3.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a dividend of $0.30 per share. This is a boost from BancFirst’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, September 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. BancFirst’s dividend payout ratio is currently 30.88%.

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. It operates through Metropolitan Banks, Community Banks, and Other Financial Services segments. The company offers checking accounts, negotiable order of withdrawal accounts, savings accounts, money market accounts, sweep accounts, club accounts, individual retirement accounts, and certificates of deposit, as well as overdraft protection and auto draft services.

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Institutional Ownership by Quarter for BancFirst (NASDAQ:BANF)

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