International Assets Investment Management LLC Acquires Shares of 90,602 BancFirst Co. (NASDAQ:BANF)

International Assets Investment Management LLC bought a new stake in shares of BancFirst Co. (NASDAQ:BANF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 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 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Covestor Ltd grew its stake in BancFirst by 13.9% during the 3rd quarter. Covestor Ltd now owns 1,250 shares of the bank's stock worth $108,000 after buying an additional 153 shares during the last quarter. Pathstone Family Office LLC bought a new position in shares of BancFirst during the third quarter worth about $219,000. AlphaMark Advisors LLC acquired a new stake in shares of BancFirst in the 4th quarter worth about $271,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BancFirst by 46.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,383 shares of the bank's stock valued at $293,000 after purchasing an additional 1,073 shares during the last quarter. Finally, Lido Advisors LLC acquired a new position in BancFirst during the 3rd quarter valued at about $293,000. 51.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on BancFirst from $95.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, January 19th.

BancFirst Price Performance

BANF stock traded down $0.42 during trading on Tuesday, hitting $91.43. The company had a trading volume of 49,927 shares, compared to its average volume of 64,437. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.94 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.06. The business has a 50 day moving average of $87.08 and a 200 day moving average of $88.60. BancFirst Co. has a fifty-two week low of $71.37 and a fifty-two week high of $104.00.

BancFirst Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.43 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.72 annualized dividend and a dividend yield of 1.88%. BancFirst's dividend payout ratio (DPR) is 28.10%.

Insider Activity at BancFirst

In other BancFirst news, EVP Kevin Lawrence sold 7,312 shares of the business's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $88.00, for a total value of $643,456.00. Following the sale, 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 SEC, which is available through this hyperlink. In related news, EVP Kevin Lawrence sold 7,312 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $88.00, for a total value of $643,456.00. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $880,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dennis Jay Hannah sold 4,000 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $88.66, for a total transaction of $354,640.00. Following the sale, the executive vice president now directly owns 24,714 shares of the company's stock, valued at $2,191,143.24. The disclosure for this sale can be found here. Insiders sold 35,000 shares of company stock valued at $3,131,870 over the last 90 days. 33.89% of the stock is currently owned by corporate 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.