Citigroup Reduces Stake in BancFirst Corporation

Institutional investor sells nearly 10,000 shares of Oklahoma-based bank

Mar. 8, 2026 at 8:34am

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Citigroup Inc. has reduced its position in BancFirst Corporation (NASDAQ:BANF) by 35% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The financial services firm sold 9,820 shares of the Oklahoma-based bank, leaving it with 18,253 shares worth approximately $2.3 million.

Why it matters

BancFirst is the largest state-chartered bank in Oklahoma, operating over 60 branches across the state. Citigroup's reduced stake in the regional bank could signal a shift in the institutional investor's outlook on the company's performance or the broader banking sector.

The details

According to the 13F filing, Citigroup sold 9,820 shares of BancFirst, reducing its total position to 18,253 shares. This represents a 35% decrease in Citigroup's stake in the bank. BancFirst has a market capitalization of $3.65 billion and its stock is trading around $108 per share.

  • Citigroup reduced its BancFirst position in the 3rd quarter of 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

BancFirst Corporation

A regional banking holding company based in Oklahoma City, Oklahoma, and the largest state-chartered bank in the state.

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The takeaway

Citigroup's reduced stake in BancFirst could signal a shift in the institutional investor's outlook on the regional bank or the broader banking sector. However, without further details, it's difficult to determine the specific reasons behind Citigroup's decision to sell nearly 10,000 shares of BancFirst.