Swiss National Bank cut its stake in BOK Financial Co. (NASDAQ:BOKF – Get Rating) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 72,374 shares of the bank’s stock after selling 700 shares during the period. Swiss National Bank’s holdings in BOK Financial were worth $5,470,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BOKF. State Street Corp grew its holdings in BOK Financial by 37.0% during the 1st quarter. State Street Corp now owns 1,231,625 shares of the bank’s stock worth $115,711,000 after acquiring an additional 332,904 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in BOK Financial by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,602,673 shares of the bank’s stock worth $150,579,000 after acquiring an additional 78,599 shares in the last quarter. Martingale Asset Management L P bought a new position in BOK Financial during the 1st quarter worth about $4,184,000. Verition Fund Management LLC bought a new position in BOK Financial during the 1st quarter worth about $2,490,000. Finally, Goldman Sachs Group Inc. grew its holdings in BOK Financial by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 287,534 shares of the bank’s stock worth $27,013,000 after acquiring an additional 19,388 shares in the last quarter. 38.28% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of BOK Financial from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Truist Financial increased their price target on shares of BOK Financial from $95.00 to $113.00 in a research report on Monday, October 31st. Royal Bank of Canada increased their price target on shares of BOK Financial from $102.00 to $110.00 in a research report on Thursday, October 27th. Stephens increased their price target on shares of BOK Financial from $95.00 to $108.00 and gave the company an “equal weight” rating in a research report on Thursday, October 27th. Finally, Wedbush increased their price target on shares of BOK Financial from $90.00 to $100.00 in a research report on Thursday, October 27th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $108.29.
Insiders Place Their Bets
BOK Financial Stock Performance
Shares of BOK Financial stock opened at $103.07 on Thursday. The firm has a market capitalization of $6.93 billion, a P/E ratio of 14.94 and a beta of 1.33. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $98.07 and a 200 day moving average price of $88.81. BOK Financial Co. has a 52 week low of $70.21 and a 52 week high of $120.20.
BOK Financial (NASDAQ:BOKF – Get Rating) last announced its quarterly earnings data on Wednesday, October 26th. The bank reported $2.32 EPS for the quarter, beating the consensus estimate of $1.99 by $0.33. The firm had revenue of $506.02 million during the quarter, compared to analyst estimates of $459.30 million. BOK Financial had a net margin of 25.70% and a return on equity of 9.63%. BOK Financial’s revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $2.74 EPS. Sell-side analysts expect that BOK Financial Co. will post 7.45 EPS for the current year.
BOK Financial Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, November 14th. This is a positive change from BOK Financial’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a yield of 2.10%. BOK Financial’s dividend payout ratio (DPR) is currently 31.30%.
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.
- Get a free copy of the StockNews.com research report on BOK Financial (BOKF)
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