BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 17.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,335 shares of the bank’s stock after selling 6,050 shares during the quarter. Rhumbline Advisers’ holdings in BOK Financial were worth $2,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BOKF. Victory Capital Management Inc. raised its position in shares of BOK Financial by 18.5% during the 4th quarter. Victory Capital Management Inc. now owns 3,629 shares of the bank’s stock worth $311,000 after purchasing an additional 566 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BOK Financial by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 263,488 shares of the bank’s stock worth $22,568,000 after acquiring an additional 12,892 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of BOK Financial by 16.7% in the 4th quarter. BNP Paribas Financial Markets now owns 16,442 shares of the bank’s stock worth $1,408,000 after acquiring an additional 2,354 shares during the last quarter. Norges Bank purchased a new position in shares of BOK Financial during the 4th quarter worth approximately $27,170,000. Finally, Quest Partners LLC acquired a new stake in BOK Financial in the 4th quarter valued at approximately $134,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BOKF has been the subject of several analyst reports. Truist Financial boosted their target price on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Wedbush raised their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 24th. Stephens reaffirmed an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, July 26th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.00.

BOK Financial Stock Up 0.6 %

Shares of NASDAQ:BOKF opened at $104.73 on Thursday. The company’s fifty day moving average is $101.24 and its two-hundred day moving average is $93.83. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. BOK Financial Co. has a 1-year low of $62.42 and a 1-year high of $108.00. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.27 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The firm had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same quarter in the prior year, the business earned $2.27 earnings per share. Equities analysts anticipate that BOK Financial Co. will post 7.78 EPS for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is 32.07%.

BOK Financial 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.