International Assets Investment Management LLC Makes New $112.37 Million Investment in BancFirst Co. (NASDAQ:BANF)

International Assets Investment Management LLC purchased a new position in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 106,766 shares of the bank's stock, valued at approximately $112,370,000. International Assets Investment Management LLC owned 0.32% of BancFirst as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BANF. Whittier Trust Co. of Nevada Inc. bought a new stake in BancFirst in the third quarter valued at $38,000. Blue Trust Inc. grew its position in BancFirst by 33.9% in the third quarter. Blue Trust Inc. now owns 391 shares of the bank's stock valued at $41,000 after acquiring an additional 99 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in BancFirst by 64.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 834 shares of the bank's stock valued at $73,000 after acquiring an additional 328 shares during the period. EntryPoint Capital LLC grew its position in BancFirst by 56.8% in the first quarter. EntryPoint Capital LLC now owns 842 shares of the bank's stock valued at $74,000 after acquiring an additional 305 shares during the period. Finally, Point72 DIFC Ltd acquired a new position in BancFirst in the second quarter worth $77,000. Institutional investors own 51.72% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BANF shares. StockNews.com lowered BancFirst from a "hold" rating to a "sell" rating in a research note on Wednesday, September 4th. DA Davidson boosted their price objective on BancFirst from $104.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, October 21st. Finally, Piper Sandler boosted their price objective on BancFirst from $84.50 to $95.00 and gave the stock an "underweight" rating in a research note on Monday, July 22nd.

BancFirst Trading Down 1.7 %

Shares of BANF traded down $1.87 during trading hours on Friday, hitting $107.26. 46,631 shares of the stock traded hands, compared to its average volume of 82,779. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.06. BancFirst Co. has a 1-year low of $79.99 and a 1-year high of $115.62. The firm has a market capitalization of $3.54 billion, a PE ratio of 17.53 and a beta of 1.03. The business has a fifty day moving average of $105.78 and a 200-day moving average of $96.28.

BancFirst Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from BancFirst's previous quarterly dividend of $0.43. BancFirst's dividend payout ratio is 30.07%.

Insider Activity

In other news, Director Dave R. Lopez sold 1,000 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Dave R. Lopez sold 1,000 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $102.13, for a total transaction of $102,130.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David E. Rainbolt sold 18,376 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $106.22, for a total value of $1,951,898.72. Following the completion of the sale, the director now owns 223,874 shares of the company's stock, valued at $23,779,896.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 67,845 shares of company stock valued at $7,214,307 over the last 90 days. 33.89% of the stock is owned by company insiders.

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. The company operates through BancFirst Metropolitan Banks, BancFirst Community Banks, Pegasus, Worthington, and Other Financial Services segments.