Heritage Trust Co Purchases New Shares in BOK Financial Co. (NASDAQ:BOKF)

Heritage Trust Co acquired a new position in shares of BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,167 shares of the bank's stock, valued at approximately $337,000.

Several other large investors also recently made changes to their positions in BOKF. BNP Paribas Financial Markets boosted its stake in shares of BOK Financial by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,781 shares of the bank's stock valued at $500,000 after purchasing an additional 1,204 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of BOK Financial by 70.6% in the 3rd quarter. Quantinno Capital Management LP now owns 6,987 shares of the bank's stock worth $731,000 after purchasing an additional 2,891 shares during the last quarter. Jane Street Group LLC lifted its stake in BOK Financial by 309.8% in the third quarter. Jane Street Group LLC now owns 44,561 shares of the bank's stock valued at $4,662,000 after buying an additional 33,686 shares during the last quarter. XTX Topco Ltd boosted its stake in BOK Financial by 9.6% during the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank's stock valued at $412,000 after purchasing an additional 346 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of BOK Financial by 1.7% during the third quarter. Tidal Investments LLC now owns 8,919 shares of the bank's stock worth $933,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 34.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BOKF shares. Royal Bank of Canada raised their target price on shares of BOK Financial from $115.00 to $120.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 22nd. Stephens cut their target price on BOK Financial from $135.00 to $127.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of BOK Financial from a "buy" rating to a "hold" rating in a research report on Monday, March 17th. Wells Fargo & Company reduced their price target on shares of BOK Financial from $120.00 to $100.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Finally, Barclays cut their price objective on BOK Financial from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BOK Financial presently has a consensus rating of "Hold" and an average price target of $117.00.

BOK Financial Stock Performance

BOKF stock traded up $0.36 during trading on Friday, reaching $91.17. 213,518 shares of the stock were exchanged, compared to its average volume of 150,918. The company has a market capitalization of $5.86 billion, a P/E ratio of 11.21 and a beta of 0.93. BOK Financial Co. has a twelve month low of $85.07 and a twelve month high of $121.58. The stock has a 50 day simple moving average of $101.54 and a 200-day simple moving average of $107.85. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

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, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. As a group, sell-side analysts anticipate that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.50%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial's payout ratio is 28.04%.

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.