USA Financial Formulas purchased a new stake in BOK Financial Co. (NASDAQ:BOKF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,997 shares of the bank's stock, valued at approximately $319,000.
Other institutional investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BOK Financial during the second quarter valued at about $39,000. KBC Group NV boosted its holdings in shares of BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank's stock worth $95,000 after acquiring an additional 183 shares during the period. Prospera Private Wealth LLC purchased a new position in shares of BOK Financial during the 3rd quarter valued at $142,000. CWM LLC lifted its position in 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, Point72 DIFC Ltd bought a new stake in BOK Financial during the second quarter worth about $143,000. 34.44% of the stock is currently owned by institutional investors.
Insider Buying and Selling at BOK Financial
In other news, Director Steven Bangert sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 59.72% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Truist Financial upgraded BOK Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $112.00 to $123.00 in a report on Friday, September 20th. Royal Bank of Canada raised their price target on shares of BOK Financial from $111.00 to $113.00 and gave the company a "sector perform" rating in a report on Wednesday, October 23rd. Wedbush reiterated a "neutral" rating and set a $115.00 price objective on shares of BOK Financial in a research report on Tuesday, October 22nd. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, DA Davidson cut their target price on BOK Financial from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, BOK Financial currently has an average rating of "Hold" and an average target price of $114.40.
Read Our Latest Stock Analysis on BOK Financial
BOK Financial Stock Performance
BOK Financial stock traded up $1.26 during mid-day trading on Friday, reaching $112.38. 80,151 shares of the company were exchanged, compared to its average volume of 120,199. The firm's 50-day simple moving average is $113.25 and its two-hundred day simple moving average is $106.31. BOK Financial Co. has a twelve month low of $77.86 and a twelve month high of $121.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $7.21 billion, a PE ratio of 15.46 and a beta of 1.20.
BOK Financial (NASDAQ:BOKF - Get Free Report) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same quarter in the prior year, the company earned $2.04 earnings per share. Equities analysts predict that BOK Financial Co. will post 8.07 earnings per share for the current fiscal year.
BOK Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. This is a positive change from BOK Financial's previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 2.03%. BOK Financial's dividend payout ratio (DPR) is presently 31.36%.
About BOK Financial
(
Free Report)
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.
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