Cambiar Investors LLC Has $10.42 Million Stock Holdings in BOK Financial Corporation $BOKF

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 decreased its position in BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,061 shares of the bank's stock after selling 15,033 shares during the period. Cambiar Investors LLC owned 0.16% of BOK Financial worth $10,421,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. True Wealth Design LLC lifted its stake in BOK Financial by 66.9% in the fourth quarter. True Wealth Design LLC now owns 282 shares of the bank's stock valued at $30,000 after buying an additional 113 shares during the period. Sterling Capital Management LLC lifted its stake in BOK Financial by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,360 shares of the bank's stock valued at $145,000 after buying an additional 495 shares during the period. Versant Capital Management Inc lifted its stake in 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 period. Dark Forest Capital Management LP acquired a new position in BOK Financial in the fourth quarter valued at about $204,000. Finally, 111 Capital acquired a new position in BOK Financial in the fourth quarter valued at about $206,000. Institutional investors own 34.44% of the company's stock.

BOK Financial Stock Up 4.5%

BOK Financial stock traded up $4.71 during midday trading on Friday, reaching $110.36. The stock had a trading volume of 82,121 shares, compared to its average volume of 192,549. The firm's fifty day simple moving average is $101.34 and its 200-day simple moving average is $99.83. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58. The stock has a market capitalization of $7.02 billion, a P/E ratio of 13.22 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.77 and a current ratio of 0.78.

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

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 13th. BOK Financial's payout ratio is currently 27.31%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BOKF. Hovde Group increased their target price on BOK Financial from $110.00 to $123.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company set a $110.00 price target on BOK Financial and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Royal Bank Of Canada raised their price target on BOK Financial from $104.00 to $110.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. DA Davidson raised their price target on BOK Financial from $114.00 to $120.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Citigroup raised their price target on BOK Financial from $97.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $112.58.

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.