Cambiar Investors LLC Sells 14,751 Shares of BOK Financial Co. (NASDAQ:BOKF)

Cambiar Investors LLC lowered its position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,094 shares of the bank's stock after selling 14,751 shares during the quarter. Cambiar Investors LLC owned 0.18% of BOK Financial worth $12,252,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of BOKF. Creative Planning lifted its holdings in shares of BOK Financial by 66.4% during the second quarter. Creative Planning now owns 5,191 shares of the bank's stock valued at $476,000 after purchasing an additional 2,071 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of BOK Financial during the second quarter valued at $540,000. SG Americas Securities LLC purchased a new stake in shares of BOK Financial during the third quarter valued at $181,000. CWM LLC lifted its holdings in shares of BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank's stock valued at $152,000 after purchasing an additional 989 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its holdings in shares of BOK Financial by 31.6% during the third quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank's stock valued at $315,000 after purchasing an additional 724 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Down 0.1 %

NASDAQ BOKF traded down $0.12 during trading on Friday, reaching $110.57. The company's stock had a trading volume of 143,568 shares, compared to its average volume of 132,656. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $7.09 billion, a PE ratio of 13.60 and a beta of 1.19. BOK Financial Co. has a 1-year low of $81.96 and a 1-year high of $121.58. The business has a 50-day moving average price of $110.66 and a 200-day moving average price of $108.24.

BOK Financial (NASDAQ:BOKF - Get Free Report) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.96%. On average, research analysts forecast that BOK Financial Co. will post 8.75 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 12th. BOK Financial's dividend payout ratio is 28.04%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BOKF. Wedbush reaffirmed a "neutral" rating and set a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Wells Fargo & Company increased their price objective on BOK Financial from $105.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Tuesday, December 3rd. Royal Bank of Canada increased their price objective on BOK Financial from $115.00 to $120.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 22nd. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com raised BOK Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $116.40.

About BOK Financial

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.