World Investment Advisors LLC Invests $1.77 Million in BancFirst Co. (NASDAQ:BANF)

World Investment Advisors LLC bought a new stake in BancFirst Co. (NASDAQ:BANF - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,775 shares of the bank's stock, valued at approximately $1,766,000. World Investment Advisors LLC owned 0.05% of BancFirst at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of BancFirst during the 3rd quarter valued at $38,000. Blue Trust Inc. grew its holdings in shares of BancFirst by 33.9% during the 3rd quarter. Blue Trust Inc. now owns 391 shares of the bank's stock worth $41,000 after purchasing an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of BancFirst by 64.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank's stock worth $73,000 after buying an additional 328 shares in the last quarter. Point72 DIFC Ltd bought a new position in BancFirst in the 2nd quarter valued at $77,000. Finally, nVerses Capital LLC bought a new stake in shares of BancFirst during the 3rd quarter valued at $105,000. 51.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of BancFirst from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. DA Davidson raised their target price on shares of BancFirst from $104.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods boosted their price objective on BancFirst from $117.00 to $135.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

BancFirst Stock Performance

Shares of NASDAQ BANF traded down $1.25 during midday trading on Friday, hitting $125.38. The company's stock had a trading volume of 70,002 shares, compared to its average volume of 85,081. BancFirst Co. has a one year low of $81.21 and a one 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 firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 20.16 and a beta of 1.05. The stock has a fifty day moving average price of $118.08 and a 200 day moving average price of $104.52.

BancFirst (NASDAQ:BANF - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The bank reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. The firm had revenue of $163.67 million for the quarter, compared to the consensus estimate of $156.70 million. BancFirst had a return on equity of 13.92% and a net margin of 23.52%. On average, research analysts forecast that BancFirst Co. will post 6.37 EPS for the current fiscal year.

BancFirst Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.46 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.84 annualized dividend and a dividend yield of 1.47%. BancFirst's payout ratio is 29.58%.

Insider Activity at BancFirst

In other news, EVP Dennis Jay Hannah sold 10,543 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $126.58, for a total value of $1,334,532.94. Following the transaction, the executive vice president now owns 1,564 shares of the company's stock, valued at approximately $197,971.12. The trade was a 87.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Main Street Banking Partners L sold 778 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $110.00, for a total value of $85,580.00. Following the transaction, the insider now directly owns 4,941,772 shares of the company's stock, valued at approximately $543,594,920. The trade was a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,150 shares of company stock valued at $15,442,825 in the last 90 days. Corporate insiders own 33.89% of the company's stock.

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.