BOKF NA trimmed its holdings in BOK Financial Co. (NASDAQ:BOKF - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 124,487 shares of the bank's stock after selling 5,477 shares during the period. BOKF NA owned 0.19% of BOK Financial worth $13,009,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of BOK Financial by 33.8% in the fourth quarter. Venturi Wealth Management LLC now owns 396 shares of the bank's stock valued at $42,000 after purchasing an additional 100 shares during the period. CIBC Asset Management Inc raised its holdings in BOK Financial by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after acquiring an additional 107 shares during the period. US Bancorp DE raised its holdings in BOK Financial by 12.5% in the 4th quarter. US Bancorp DE now owns 1,088 shares of the bank's stock worth $116,000 after acquiring an additional 121 shares during the period. Tidal Investments LLC lifted its position in BOK Financial by 1.7% during the 3rd quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock worth $933,000 after acquiring an additional 147 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in BOK Financial by 7.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,283 shares of the bank's stock valued at $349,000 after acquiring an additional 218 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.
BOK Financial Stock Performance
NASDAQ:BOKF traded down $0.34 on Friday, hitting $95.35. The company's stock had a trading volume of 162,230 shares, compared to its average volume of 157,488. BOK Financial Co. has a one year low of $85.08 and a one year high of $121.58. The firm has a market capitalization of $6.13 billion, a P/E ratio of 11.73 and a beta of 0.87. The stock has a fifty day moving average of $96.34 and a two-hundred day moving average of $106.28. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.
BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The company had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. Research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current year.
BOK Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 annualized dividend and a yield of 2.39%. BOK Financial's dividend payout ratio is 26.21%.
Analyst Ratings Changes
BOKF has been the subject of a number of research analyst reports. StockNews.com lowered BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. DA Davidson cut their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Raymond James set a $105.00 price target on shares of BOK Financial in a report on Tuesday, April 22nd. Royal Bank of Canada dropped their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating on the stock in a report on Wednesday, April 23rd. Finally, Hovde Group reduced their target price on shares of BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $111.60.
Check Out Our Latest Stock Report on BOK Financial
BOK Financial Company Profile
(
Free Report)
BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.
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