3,105 Shares in BOK Financial Co. (NASDAQ:BOKF) Acquired by Ethic Inc.

Ethic Inc. purchased a new position in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,105 shares of the bank's stock, valued at approximately $331,000.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of BOK Financial in the 4th quarter worth about $319,000. Merit Financial Group LLC bought a new stake in BOK Financial during the fourth quarter worth approximately $256,000. SG Americas Securities LLC increased its stake in BOK Financial by 433.0% during the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank's stock worth $981,000 after acquiring an additional 7,487 shares during the last quarter. KBC Group NV raised its position in BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank's stock valued at $128,000 after purchasing an additional 296 shares during the period. Finally, Meritage Portfolio Management bought a new stake in shares of BOK Financial in the 4th quarter valued at approximately $444,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Down 0.9%

Shares of BOKF stock traded down $0.88 during mid-day trading on Tuesday, hitting $96.88. The stock had a trading volume of 163,035 shares, compared to its average volume of 159,159. The firm has a market capitalization of $6.23 billion, a P/E ratio of 11.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. BOK Financial Co. has a 12-month low of $85.08 and a 12-month high of $121.58. The firm's 50-day moving average is $95.92 and its two-hundred day moving average is $105.91.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its 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 return on equity of 9.86% and a net margin of 15.32%. The firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. On average, analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial's dividend payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BOKF. Barclays decreased their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. DA Davidson lowered their target price on shares of BOK Financial from $122.00 to $114.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a report on Monday, March 17th. Raymond James set a $105.00 price objective on shares of BOK Financial in a research report on Tuesday, April 22nd. Finally, Hovde Group dropped their target price on BOK Financial from $122.00 to $110.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $111.60.

BOK Financial Company Profile

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.