Wolverine Asset Management LLC acquired a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,449 shares of the bank's stock, valued at approximately $724,000.
Other large investors have also modified their holdings of the company. VisionPoint Advisory Group LLC lifted its holdings in shares of BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank's stock worth $30,000 after purchasing an additional 192 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of BOK Financial by 0.8% during the fourth quarter. New York State Common Retirement Fund now owns 25,063 shares of the bank's stock worth $2,147,000 after purchasing an additional 195 shares during the period. Covestor Ltd lifted its holdings in shares of BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank's stock worth $25,000 after purchasing an additional 214 shares during the period. Swiss National Bank lifted its holdings in shares of BOK Financial by 0.6% during the third quarter. Swiss National Bank now owns 65,874 shares of the bank's stock worth $5,269,000 after purchasing an additional 400 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in shares of BOK Financial during the fourth quarter worth $41,000. 34.44% of the stock is owned by institutional investors and hedge funds.
BOK Financial Price Performance
BOK Financial stock traded up $0.87 during midday trading on Friday, reaching $90.83. 164,657 shares of the company were exchanged, compared to its average volume of 127,039. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 13.24 and a beta of 1.21. The firm's 50-day simple moving average is $87.55 and its 200-day simple moving average is $81.53. BOK Financial Co. has a 1 year low of $62.42 and a 1 year high of $93.51. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The bank reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.72 by $0.19. The firm had revenue of $806.91 million during the quarter, compared to analysts' expectations of $473.70 million. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. During the same quarter last year, the business posted $2.43 EPS. On average, analysts anticipate that BOK Financial Co. will post 7.43 EPS for the current year.
BOK Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, February 13th. BOK Financial's dividend payout ratio is presently 32.07%.
Insider Buying and Selling
In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the firm's stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $81.59, for a total value of $244,770.00. Following the sale, the director now directly owns 50,985 shares of the company's stock, valued at approximately $4,159,866.15. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 56.94% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have issued reports on BOKF shares. Wells Fargo & Company increased their price objective on BOK Financial from $80.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 10th. Hovde Group increased their price objective on BOK Financial from $96.00 to $97.00 and gave the stock a "market perform" rating in a research report on Thursday. Raymond James reiterated an "outperform" rating and issued a $105.00 price objective (up previously from $103.00) on shares of BOK Financial in a research report on Thursday. Truist Financial dropped their price target on BOK Financial from $99.00 to $97.00 and set a "hold" rating for the company in a research report on Friday. Finally, StockNews.com cut BOK Financial from a "hold" rating to a "sell" rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $97.10.
Read Our Latest Research Report on BOK Financial
About BOK Financial
(
Free Report)
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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