Tulsa Wealth Advisors INC purchased a new stake in BOK Financial Corporation (NASDAQ:BOKF – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,241 shares of the bank’s stock, valued at approximately $502,000.
Several other hedge funds also recently made changes to their positions in BOKF. Caitong International Asset Management Co. Ltd raised its stake in shares of BOK Financial by 43,900.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 440 shares of the bank’s stock valued at $52,000 after purchasing an additional 439 shares during the period. Invesco Ltd. boosted its stake in BOK Financial by 26.9% in the 4th quarter. Invesco Ltd. now owns 74,277 shares of the bank’s stock worth $8,799,000 after purchasing an additional 15,761 shares during the period. Corient Private Wealth LLC bought a new position in BOK Financial in the 4th quarter worth about $301,000. VARCOV Co. purchased a new position in BOK Financial during the 4th quarter valued at about $227,000. Finally, Occudo Quantitative Strategies LP purchased a new position in BOK Financial during the 4th quarter valued at about $1,336,000. 34.44% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on BOKF shares. Barclays increased their price target on shares of BOK Financial from $135.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Wells Fargo & Company upped their target price on shares of BOK Financial from $115.00 to $127.00 and gave the stock an “equal weight” rating in a report on Monday, March 30th. Royal Bank Of Canada increased their target price on shares of BOK Financial from $136.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, DA Davidson raised their price target on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, BOK Financial has an average rating of “Hold” and a consensus target price of $134.91.
Insider Activity at BOK Financial
In other news, Director Steven Bangert sold 2,100 shares of the company’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $134.78, for a total value of $283,038.00. Following the completion of the transaction, the director directly owned 32,816 shares in the company, valued at approximately $4,422,940.48. This represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark B. Wade sold 1,700 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the transaction, the executive vice president owned 20,361 shares of the company’s stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,500 shares of company stock valued at $738,571 over the last 90 days. 63.53% of the stock is owned by insiders.
BOK Financial Price Performance
BOKF stock opened at $130.33 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.81 and a quick ratio of 0.81. BOK Financial Corporation has a one year low of $91.62 and a one year high of $139.73. The stock has a market cap of $7.92 billion, a PE ratio of 13.19 and a beta of 0.81. The firm has a 50 day simple moving average of $131.53 and a two-hundred day simple moving average of $128.02.
BOK Financial (NASDAQ:BOKF – Get Free Report) last posted its quarterly earnings data on Monday, April 20th. The bank reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.28. The firm had revenue of $553.82 million for the quarter, compared to analysts’ expectations of $549.71 million. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. During the same quarter last year, the company posted $1.86 EPS. On average, analysts predict that BOK Financial Corporation will post 10.24 EPS for the current fiscal year.
BOK Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Wednesday, May 13th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, May 13th. BOK Financial’s dividend payout ratio is currently 25.51%.
BOK Financial Profile
BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.
The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.
Featured Articles
- Five stocks we like better than BOK Financial
- Aehr Spikes on New Order, But Has Stock Gotten Ahead of Itself?
- Rackspace’s AI Land Grab: Plugging Into the Next Compute Boom
- Satellogic Is Tiny But Its Revenue Growth Is Hard to Ignore
- Why Kroger’s Pullback Could Be a Gift for Patient Investors
Want to see what other hedge funds are holding BOKF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BOK Financial Corporation (NASDAQ:BOKF – Free Report).
Receive News & Ratings for BOK Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BOK Financial and related companies with MarketBeat.com's FREE daily email newsletter.
