Wealthquest Corp Purchases Shares of 8,793 BOK Financial Corporation (NASDAQ:BOKF)

Wealthquest Corp purchased a new position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,793 shares of the bank's stock, valued at approximately $851,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BOKF. Pallas Capital Advisors LLC purchased a new position in shares of BOK Financial during the first quarter worth approximately $234,000. Parallel Advisors LLC increased its stake in BOK Financial by 6.2% in the first quarter. Parallel Advisors LLC now owns 6,795 shares of the bank's stock valued at $708,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC increased its stake in BOK Financial by 10,687.0% in the first quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock valued at $5,348,000 after purchasing an additional 50,870 shares during the period. Versant Capital Management Inc raised its holdings in shares of BOK Financial by 1,046.7% in the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock valued at $143,000 after buying an additional 1,256 shares during the last quarter. Finally, 111 Capital acquired a new stake in shares of BOK Financial during the fourth quarter worth about $206,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens dropped their price target on BOK Financial from $124.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson dropped their target price on BOK Financial from $122.00 to $114.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Barclays cut their price target on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group started coverage on shares of BOK Financial in a research report on Wednesday, May 21st. They issued a "hold" rating and a $105.00 price objective on the stock. Finally, Royal Bank Of Canada cut their price objective on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research report on Wednesday, April 23rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $111.00.

BOK Financial Price Performance

BOKF stock traded down $0.52 during trading on Wednesday, reaching $95.06. 186,126 shares of the company were exchanged, compared to its average volume of 165,247. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 0.76. The stock's 50 day moving average price is $94.11 and its 200 day moving average price is $102.01. BOK Financial Corporation has a 52-week low of $85.08 and a 52-week high of $121.58. The company has a market cap of $6.11 billion, a P/E ratio of 10.93 and a beta of 0.87.

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 the consensus estimate of $2.01 by ($0.15). The firm had revenue of $500.37 million for the quarter, compared to analysts' expectations of $520.86 million. BOK Financial had a return on equity of 9.51% and a net margin of 16.39%. As a group, analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Thursday, May 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.40%. The ex-dividend date was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is 26.21%.

BOK Financial 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.