Reinhart Partners LLC. Has $6.64 Million Stake in BOK Financial Corporation $BOKF

Key Points

• Reinhart Partners LLC reduced its stake in BOK Financial Corporation by 7.5%, selling 5,485 shares and holding 68,015 shares worth approximately $6.64 million as of its latest SEC filing.
• BOK Financial reported $2.19 EPS for the last quarter, exceeding the consensus estimate of $1.98, with revenues of $525.5 million surpassing expectations as well.
• The company declared a quarterly dividend of $0.57 per share, reflecting an annualized yield of 2.1%, and has seen positive adjustments in target prices from several prominent analysts.

Reinhart Partners LLC. trimmed its position in shares of BOK Financial Corporation (NASDAQ:BOKF - Free Report) by 7.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,015 shares of the bank's stock after selling 5,485 shares during the period. Reinhart Partners LLC. owned approximately 0.11% of BOK Financial worth $6,640,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BOKF. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of BOK Financial during the first quarter valued at about $47,000. Versant Capital Management Inc increased its holdings in BOK Financial by 1,046.7% during the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank's stock worth $143,000 after purchasing an additional 1,256 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of BOK Financial in the 1st quarter valued at approximately $159,000. 111 Capital acquired a new position in shares of BOK Financial in the 4th quarter valued at approximately $206,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of BOK Financial during the first quarter worth approximately $218,000. Institutional investors and hedge funds own 34.44% of the company's stock.

BOK Financial Stock Down 1.5%

BOKF traded down $1.69 on Friday, reaching $111.40. 316,770 shares of the company traded hands, compared to its average volume of 198,253. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 13.34 and a beta of 0.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. The stock's 50 day moving average price is $106.91 and its 200-day moving average price is $100.06. BOK Financial Corporation has a 52-week low of $85.07 and a 52-week high of $121.58.

BOK Financial (NASDAQ:BOKF - Get Free Report) last issued 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. BOK Financial had a net margin of 15.80% and a return on equity of 9.39%. The company had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. During the same quarter last year, the business posted $2.54 EPS. On average, sell-side analysts expect that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $0.57 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.0%. BOK Financial's dividend payout ratio is currently 27.31%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Jefferies Financial Group raised their price objective on shares of BOK Financial from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Wells Fargo & Company set a $110.00 price objective on BOK Financial and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Hovde Group increased their target price on shares of BOK Financial from $110.00 to $123.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada lifted their price target on shares of BOK Financial from $104.00 to $110.00 and gave the company a "sector perform" rating in a report on Wednesday, July 23rd. Finally, Wall Street Zen lowered BOK Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Two equities research 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 $113.00.

About BOK Financial

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.