Teachers Advisors LLC increased its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,329 shares of the bank’s stock after buying an additional 1,500 shares during the period. Teachers Advisors LLC’s holdings in BOK Financial were worth $2,269,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Pacer Advisors Inc. raised its stake in shares of BOK Financial by 4.1% in the third quarter. Pacer Advisors Inc. now owns 2,179 shares of the bank’s stock worth $150,000 after buying an additional 85 shares in the last quarter. Gideon Capital Advisors Inc. acquired a new position in shares of BOK Financial during the fourth quarter worth approximately $209,000. Silvercrest Asset Management Group LLC acquired a new position in shares of BOK Financial during the fourth quarter worth approximately $332,000. Raymond James Financial Services Advisors Inc. raised its position in shares of BOK Financial by 8.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 4,223 shares of the bank’s stock worth $351,000 after buying an additional 346 shares during the period. Finally, Huntington National Bank raised its position in shares of BOK Financial by 7,138.8% in the third quarter. Huntington National Bank now owns 5,791 shares of the bank’s stock worth $399,000 after buying an additional 5,711 shares during the period. Hedge funds and other institutional investors own 36.25% of the company’s stock.
Shares of BOK Financial Co. (NASDAQ:BOKF) traded up 2.78% during trading on Friday, reaching $85.16. 210,847 shares of the company were exchanged. The stock has a market capitalization of $5.57 billion, a PE ratio of 20.10 and a beta of 0.90. The stock has a 50-day moving average price of $82.53 and a 200-day moving average price of $81.52. BOK Financial Co. has a one year low of $56.08 and a one year high of $88.78.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, April 26th. The bank reported $1.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.31. The business had revenue of $365.53 million during the quarter, compared to analysts’ expectations of $358.93 million. BOK Financial had a net margin of 15.20% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. Analysts forecast that BOK Financial Co. will post $5.26 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Friday, May 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $1.76 annualized dividend and a yield of 2.07%. BOK Financial’s payout ratio is currently 49.86%.
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A number of brokerages have recently commented on BOKF. Royal Bank of Canada reiterated a “hold” rating and set a $90.00 price target on shares of BOK Financial in a report on Friday, June 2nd. Stephens reiterated a “buy” rating and set a $95.00 price target on shares of BOK Financial in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and set a $81.00 price target (up previously from $80.00) on shares of BOK Financial in a report on Saturday, June 3rd. Zacks Investment Research upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Wednesday, March 29th. Finally, TheStreet upgraded shares of BOK Financial from a “c+” rating to a “b” rating in a report on Monday, March 20th. Nine equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $86.50.
In other BOK Financial news, EVP Scott Grauer sold 865 shares of the stock in a transaction on Friday, April 28th. The shares were sold at an average price of $85.57, for a total transaction of $74,018.05. Following the completion of the sale, the executive vice president now owns 25,685 shares of the company’s stock, valued at approximately $2,197,865.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Donald T. Parker sold 7,650 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $82.75, for a total transaction of $633,037.50. Following the completion of the sale, the executive vice president now directly owns 43,610 shares of the company’s stock, valued at $3,608,727.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,985 shares of company stock valued at $1,231,453 in the last three months. 61.30% of the stock is currently owned by corporate insiders.
BOK Financial Company Profile
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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