Charles Schwab Investment Management Inc. Sells 11,630 Shares of BancFirst Corporation $BANF

Key Points

• Charles Schwab Investment Management Inc. reduced its holdings in BancFirst Corporation (NASDAQ:BANF) by 6.2%, selling 11,630 shares in the first quarter, bringing their total ownership to 175,557 shares valued at approximately $19.3 million.
• Institutional investors collectively own 51.72% of BancFirst's stock, with notable recent investments including Sterling Capital Management increasing its stake by 779.4%.
• BancFirst reported an earnings per share (EPS) of $1.85 for the last quarter, exceeding analysts' expectations and forecasting a total EPS of 6.52 for the current fiscal year.

Charles Schwab Investment Management Inc. decreased its holdings in shares of BancFirst Corporation (NASDAQ:BANF - Free Report) by 6.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,557 shares of the bank's stock after selling 11,630 shares during the period. Charles Schwab Investment Management Inc. owned 0.53% of BancFirst worth $19,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sterling Capital Management LLC grew its position in shares of BancFirst by 779.4% in the 4th quarter. Sterling Capital Management LLC now owns 554 shares of the bank's stock worth $65,000 after buying an additional 491 shares during the last quarter. GAMMA Investing LLC lifted its stake in BancFirst by 211.2% in the first quarter. GAMMA Investing LLC now owns 582 shares of the bank's stock worth $64,000 after acquiring an additional 395 shares during the period. Cubist Systematic Strategies LLC bought a new stake in BancFirst in the fourth quarter valued at $135,000. Meeder Asset Management Inc. purchased a new position in BancFirst during the 1st quarter valued at $181,000. Finally, Baird Financial Group Inc. bought a new position in BancFirst in the 4th quarter worth $203,000. Hedge funds and other institutional investors own 51.72% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on BANF. Keefe, Bruyette & Woods boosted their price target on shares of BancFirst from $123.00 to $132.00 and gave the company a "market perform" rating in a research report on Friday, July 18th. Wall Street Zen raised BancFirst from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, DA Davidson upped their target price on BancFirst from $120.00 to $136.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, BancFirst presently has a consensus rating of "Hold" and a consensus target price of $134.00.

Insider Transactions at BancFirst

In other BancFirst news, Director F Ford Drummond sold 5,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $126.29, for a total value of $631,450.00. Following the sale, the director directly owned 6,000 shares of the company's stock, valued at approximately $757,740. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 32.43% of the company's stock.

BancFirst Trading Down 0.7%

NASDAQ:BANF opened at $125.50 on Friday. The firm has a market capitalization of $4.18 billion, a P/E ratio of 18.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.01 and a quick ratio of 1.01. BancFirst Corporation has a one year low of $97.02 and a one year high of $137.40. The company's 50-day simple moving average is $125.62 and its 200 day simple moving average is $119.78.

BancFirst (NASDAQ:BANF - Get Free Report) last released its earnings results on Thursday, July 17th. The bank reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.18. BancFirst had a net margin of 24.94% and a return on equity of 14.16%. The firm had revenue of $169.30 million during the quarter, compared to analyst estimates of $163.62 million. As a group, analysts forecast that BancFirst Corporation will post 6.52 EPS for the current fiscal year.

About BancFirst

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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