BOK Financial Corporation (NASDAQ:BOKF) Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC reduced their stake in BOK Financial Corporation by 13.1% in the first quarter, now owning 100,061 shares valued at approximately $10.42 million.
• BOK Financial recently reported a quarterly earnings per share of $2.19, surpassing analysts' expectations, and announced a dividend of $0.57 per share to be paid on August 27th.
• Analysts have recently adjusted target prices for BOK Financial, with a consensus target of $112.58 and a consensus rating of "Hold."

Cambiar Investors LLC reduced its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,061 shares of the bank's stock after selling 15,033 shares during the quarter. Cambiar Investors LLC owned approximately 0.16% of BOK Financial worth $10,421,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. 111 Capital purchased a new position in shares of BOK Financial in the 4th quarter valued at about $206,000. Bank of America Corp DE lifted its stake in BOK Financial by 27.4% during the fourth quarter. Bank of America Corp DE now owns 56,314 shares of the bank's stock worth $5,995,000 after purchasing an additional 12,108 shares during the last quarter. GAMMA Investing LLC lifted its stake in BOK Financial by 10,687.0% during the first quarter. GAMMA Investing LLC now owns 51,346 shares of the bank's stock worth $5,348,000 after purchasing an additional 50,870 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in BOK Financial by 8.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank's stock worth $24,415,000 after purchasing an additional 18,355 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new stake in BOK Financial during the fourth quarter worth approximately $368,000. 34.44% of the stock is owned by institutional investors and hedge funds.

BOK Financial Trading Down 1.7%

NASDAQ:BOKF opened at $104.31 on Friday. The firm has a market cap of $6.64 billion, a P/E ratio of 12.49 and a beta of 0.88. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The stock's 50 day simple moving average is $100.57 and its 200-day simple moving average is $99.88. BOK Financial Corporation has a 12-month low of $85.07 and a 12-month high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.21. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. The firm had revenue of $525.50 million for the quarter, compared to analyst estimates of $521.80 million. During the same quarter in the prior year, the company posted $2.54 earnings per share. Equities analysts anticipate that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Wednesday, August 13th. BOK Financial's payout ratio is presently 27.31%.

Analyst Upgrades and Downgrades

BOKF has been the subject of several recent analyst reports. Citigroup boosted their target price on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their target price on BOK Financial from $101.00 to $115.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Royal Bank Of Canada boosted their target price on BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Raymond James Financial set a $105.00 target price on BOK Financial in a research note on Tuesday, April 22nd. Finally, Barclays boosted their target price on BOK Financial from $110.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $112.58.

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.

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