Rhumbline Advisers Sells 308 Shares of BOK Financial Co. (NASDAQ:BOKF)

Rhumbline Advisers lowered its position in BOK Financial Co. (NASDAQ:BOKF) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,263 shares of the bank’s stock after selling 308 shares during the quarter. Rhumbline Advisers’ holdings in BOK Financial were worth $2,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC grew its stake in BOK Financial by 6.2% in the first quarter. Parallel Advisors LLC now owns 6,795 shares of the bank’s stock worth $708,000 after purchasing an additional 396 shares in the last quarter. GAMMA Investing LLC grew its stake in BOK Financial by 10,687.0% in the first quarter. GAMMA Investing LLC now owns 51,346 shares of the bank’s stock worth $5,348,000 after purchasing an additional 50,870 shares in the last quarter. Versant Capital Management Inc grew its stake in BOK Financial by 1,046.7% in the first quarter. Versant Capital Management Inc now owns 1,376 shares of the bank’s stock worth $143,000 after purchasing an additional 1,256 shares in the last quarter. 111 Capital bought a new position in BOK Financial in the fourth quarter worth approximately $206,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in BOK Financial in the fourth quarter worth approximately $559,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOKF opened at $93.40 on Monday. BOK Financial Co. has a 12 month low of $85.08 and a 12 month high of $121.58. The stock has a fifty day moving average price of $93.65 and a 200-day moving average price of $103.14. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. The firm has a market cap of $6.00 billion, a PE ratio of 11.49 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The business had revenue of $500.37 million for the quarter, compared to analysts’ expectations of $520.86 million. Equities research analysts predict that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.44%. BOK Financial’s dividend payout ratio is presently 26.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BOKF. Royal Bank of Canada lowered their target price on BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a report on Wednesday, April 23rd. Raymond James set a $105.00 target price on BOK Financial in a report on Tuesday, April 22nd. DA Davidson lowered their target price on BOK Financial from $122.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company lowered their target price on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, April 9th. Finally, Hovde Group lowered their target price on BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.00.

BOK Financial Company 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.