106,766 Shares in BancFirst Co. (NASDAQ:BANF) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in BancFirst Co. (NASDAQ:BANF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 106,766 shares of the bank’s stock, valued at approximately $112,370,000. International Assets Investment Management LLC owned about 0.32% of BancFirst as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. BancFirst Trust & Investment Management grew its stake in shares of BancFirst by 50.8% in the 3rd quarter. BancFirst Trust & Investment Management now owns 1,702,082 shares of the bank’s stock worth $177,936,000 after buying an additional 573,224 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BancFirst by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,002,160 shares of the bank’s stock worth $87,888,000 after buying an additional 16,664 shares during the last quarter. Raymond James & Associates grew its stake in shares of BancFirst by 4.1% in the 3rd quarter. Raymond James & Associates now owns 95,076 shares of the bank’s stock worth $10,007,000 after buying an additional 3,720 shares during the last quarter. Millennium Management LLC grew its stake in shares of BancFirst by 499.6% in the 2nd quarter. Millennium Management LLC now owns 57,614 shares of the bank’s stock worth $5,053,000 after buying an additional 48,006 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in BancFirst in the 1st quarter valued at approximately $4,274,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.

BancFirst Price Performance

NASDAQ BANF opened at $107.26 on Friday. The business’s fifty day moving average price is $105.78 and its 200-day moving average price is $96.21. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 17.53 and a beta of 1.03. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.97 and a quick ratio of 0.97. BancFirst Co. has a 1-year low of $79.99 and a 1-year high of $115.62.

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 issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.72%. This is a boost from BancFirst’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. BancFirst’s dividend payout ratio is presently 30.07%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Piper Sandler upped their price objective on BancFirst from $84.50 to $95.00 and gave the company an “underweight” rating in a research report on Monday, July 22nd. DA Davidson upped their price objective on BancFirst from $104.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, October 21st. Finally, StockNews.com cut BancFirst from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th.

Insider Activity

In other news, major shareholder Main Street Banking Partners L sold 1,750 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $110.11, for a total transaction of $192,692.50. Following the transaction, the insider now directly owns 4,934,421 shares of the company’s stock, valued at $543,329,096.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 value of $102,130.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Main Street Banking Partners L sold 1,750 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $110.11, for a total value of $192,692.50. Following the completion of the sale, the insider now owns 4,934,421 shares of the company’s stock, valued at $543,329,096.31. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,845 shares of company stock valued at $7,214,307 in the last ninety days. 33.89% of the stock is currently owned by company insiders.

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.