Reinhart Partners LLC. Has $7.66 Million Position in BOK Financial Co. (NASDAQ:BOKF)

Reinhart Partners LLC. lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 73,500 shares of the bank's stock after selling 5,096 shares during the period. Reinhart Partners LLC. owned approximately 0.11% of BOK Financial worth $7,655,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BOKF. KBC Group NV raised its position in shares of 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 buying an additional 296 shares during the last quarter. Meritage Portfolio Management acquired a new position in shares of BOK Financial during the fourth quarter valued at about $444,000. Entropy Technologies LP acquired a new position in shares of BOK Financial during the fourth quarter valued at about $671,000. Sanctuary Advisors LLC raised its position in shares of BOK Financial by 5.2% during the fourth quarter. Sanctuary Advisors LLC now owns 6,051 shares of the bank's stock valued at $672,000 after buying an additional 298 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in BOK Financial by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,041 shares of the bank's stock worth $217,000 after purchasing an additional 107 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $96.46 on Friday. BOK Financial Co. has a 1 year low of $85.08 and a 1 year high of $121.58. The firm has a 50 day moving average of $93.42 and a 200-day moving average of $104.12. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $6.20 billion, a P/E ratio of 11.86 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (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 firm had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, May 15th. BOK Financial's dividend payout ratio (DPR) is currently 26.21%.

Wall Street Analyst Weigh In

A number of research analysts have commented on BOKF shares. Raymond James set a $105.00 price target on shares of BOK Financial in a research note on Tuesday, April 22nd. Stephens cut their price target on shares of BOK Financial from $124.00 to $110.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group started coverage on shares of BOK Financial in a research note on Wednesday, May 21st. They set a "hold" rating and a $105.00 price target for the company. Wall Street Zen cut shares of BOK Financial from a "buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Royal Bank of Canada cut their price target on shares of BOK Financial from $119.00 to $104.00 and set a "sector perform" rating for the company in a research note 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 company. According to MarketBeat, BOK Financial presently has a consensus rating of "Hold" and a consensus price target of $111.00.

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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