Bridger Capital Management LLC cut its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,800 shares of the bank’s stock after selling 140 shares during the quarter. Bridger Capital Management LLC’s holdings in BOK Financial were worth $244,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new stake in BOK Financial during the first quarter valued at $50,000. JPMorgan Chase & Co. bought a new position in BOK Financial during the 2nd quarter worth about $245,000. Penn Capital Management Co. Inc. grew its holdings in BOK Financial by 7.0% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 24,227 shares of the bank’s stock worth $1,829,000 after acquiring an additional 1,577 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of BOK Financial by 11.5% in the 2nd quarter. Renaissance Technologies LLC now owns 191,679 shares of the bank’s stock valued at $14,468,000 after buying an additional 19,800 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of BOK Financial by 1.8% in the 2nd quarter. Northern Trust Corp now owns 206,602 shares of the bank’s stock valued at $15,595,000 after buying an additional 3,645 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.
In other BOK Financial news, Director Steven Bangert sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $81.92, for a total value of $655,360.00. Following the completion of the transaction, the director now owns 131,102 shares of the company’s stock, valued at approximately $10,739,875.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 54.90% of the stock is currently owned by insiders.
BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, January 22nd. The bank reported $1.56 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.29). The firm had revenue of $448.83 million during the quarter, compared to analyst estimates of $454.77 million. BOK Financial had a return on equity of 10.86% and a net margin of 22.49%. During the same quarter in the previous year, the business posted $1.65 EPS. Sell-side analysts expect that BOK Financial Co. will post 7.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Wednesday, February 12th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.04 annualized dividend and a dividend yield of 2.56%. BOK Financial’s dividend payout ratio (DPR) is presently 28.49%.
A number of analysts recently commented on BOKF shares. Piper Jaffray Companies set a $92.00 target price on shares of BOK Financial and gave the stock a “buy” rating in a research note on Friday, October 25th. SunTrust Banks lifted their target price on shares of BOK Financial from $82.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. BidaskClub cut shares of BOK Financial from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 25th. Morgan Stanley lifted their target price on shares of BOK Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, ValuEngine raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $90.86.
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.
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