International Assets Investment Management LLC Takes Position 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 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 90,602 shares of the bank's stock, valued at approximately $8,818,000. International Assets Investment Management LLC owned about 0.28% of BancFirst as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BANF. Royal Bank of Canada grew its stake in BancFirst by 19.4% in the 3rd quarter. Royal Bank of Canada now owns 745 shares of the bank's stock valued at $66,000 after buying an additional 121 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in BancFirst by 45.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 987 shares of the bank's stock valued at $87,000 after buying an additional 309 shares in the last quarter. Covestor Ltd grew its stake in BancFirst by 13.9% in the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank's stock valued at $108,000 after buying an additional 153 shares in the last quarter. Point72 Middle East FZE purchased a new position in BancFirst in the 4th quarter valued at approximately $108,000. Finally, Captrust Financial Advisors grew its stake in BancFirst by 132.7% in the 1st quarter. Captrust Financial Advisors now owns 1,578 shares of the bank's stock valued at $132,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 51.72% of the company's stock.

BancFirst Price Performance

NASDAQ:BANF traded down $0.46 during trading hours on Friday, hitting $82.78. The stock had a trading volume of 65,878 shares, compared to its average volume of 64,146. The company has a 50 day simple moving average of $86.85 and a two-hundred day simple moving average of $88.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.95 and a quick ratio of 0.95. BancFirst Co. has a one year low of $68.44 and a one year high of $104.00. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.06 and a beta of 1.09.

BancFirst (NASDAQ:BANF - Get Free Report) last announced its quarterly earnings results on Thursday, January 18th. The bank reported $1.46 EPS for the quarter, beating the consensus estimate of $1.44 by $0.02. BancFirst had a net margin of 26.25% and a return on equity of 15.58%. The firm had revenue of $150.22 million during the quarter, compared to the consensus estimate of $146.84 million. BancFirst's revenue was down 5.2% on a year-over-year basis. Research analysts forecast that BancFirst Co. will post 5.36 earnings per share for the current fiscal year.

BancFirst Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Wednesday, March 27th. BancFirst's payout ratio is 27.13%.

Insider Buying and Selling at BancFirst

In related news, EVP Dennis Jay Hannah sold 4,000 shares of the company's stock in a transaction on Friday, February 9th. The shares were sold at an average price of $88.45, for a total value of $353,800.00. Following the completion of the transaction, the executive vice president now directly owns 28,714 shares in the company, valued at $2,539,753.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Kevin Lawrence sold 1,529 shares of the company's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $88.00, for a total value of $134,552.00. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $880,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dennis Jay Hannah sold 4,000 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $88.45, for a total transaction of $353,800.00. Following the sale, the executive vice president now owns 28,714 shares of the company's stock, valued at $2,539,753.30. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $1,678,510 in the last three months. Company insiders own 35.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson reduced their price objective on shares of BancFirst from $95.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, January 19th.

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.