Algert Global LLC Lowers Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Algert Global LLC lowered its holdings in BOK Financial Co. (NASDAQ:BOKF) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,273 shares of the bank’s stock after selling 1,079 shares during the period. Algert Global LLC owned 0.07% of BOK Financial worth $3,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BOKF. Dark Forest Capital Management LP purchased a new stake in BOK Financial during the second quarter valued at about $302,000. Deerfield Management Company L.P. Series C purchased a new stake in BOK Financial during the second quarter valued at about $1,102,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial during the second quarter valued at about $39,000. Point72 DIFC Ltd purchased a new stake in BOK Financial during the second quarter valued at about $143,000. Finally, Bank of Montreal Can grew its position in BOK Financial by 34.1% during the second quarter. Bank of Montreal Can now owns 21,250 shares of the bank’s stock valued at $1,949,000 after acquiring an additional 5,400 shares during the period. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Up 0.2 %

NASDAQ:BOKF opened at $104.62 on Tuesday. 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 one year low of $62.42 and a one year high of $108.01. The business’s 50-day simple moving average is $102.18 and its 200 day simple moving average is $94.97. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 15.25 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 EPS for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. The business had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the previous year, the firm posted $2.27 earnings per share. As a group, sell-side analysts predict that BOK Financial Co. will post 7.78 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on BOKF shares. Keefe, Bruyette & Woods boosted their price target on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Royal Bank of Canada boosted their price target on BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 24th. Wedbush boosted their price target on BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Hovde Group boosted their price objective on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, BOK Financial currently has an average rating of “Hold” and a consensus target price of $109.10.

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.