GAMMA Investing LLC Makes New Investment in BOK Financial Co. (NASDAQ:BOKF)

GAMMA Investing LLC purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, HoldingsChannel reports. The firm purchased 486 shares of the bank’s stock, valued at approximately $41,000.

Other institutional investors have also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of BOK Financial by 214.0% during the third quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after acquiring an additional 214 shares during the period. VisionPoint Advisory Group LLC boosted its holdings in shares of BOK Financial by 102.1% during the third quarter. VisionPoint Advisory Group LLC now owns 380 shares of the bank’s stock worth $30,000 after acquiring an additional 192 shares during the period. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of BOK Financial in the third quarter valued at approximately $78,000. Alps Advisors Inc. bought a new stake in shares of BOK Financial in the third quarter valued at approximately $329,000. Finally, SG Americas Securities LLC bought a new stake in shares of BOK Financial in the third quarter valued at approximately $347,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the completion of the sale, the director now directly owns 50,985 shares of the company’s stock, valued at $4,159,866.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 56.94% of the company’s stock.

BOK Financial Stock Performance

Shares of BOKF opened at $92.26 on Friday. BOK Financial Co. has a one year low of $62.42 and a one year high of $93.73. The company has a market cap of $5.96 billion, a PE ratio of 13.45 and a beta of 1.20. The stock has a 50-day moving average of $88.08 and a 200-day moving average of $81.87. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.85 and a quick ratio of 0.85.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Tuesday, April 30th. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.62% and a net margin of 13.93%. The firm had revenue of $806.91 million during the quarter, compared to analysts’ expectations of $473.70 million. During the same quarter last year, the firm posted $2.43 earnings per share. On average, equities research analysts predict that BOK Financial Co. will post 7.53 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.55 per share. The ex-dividend date is Tuesday, May 14th. This represents a $2.20 annualized dividend and a yield of 2.38%. BOK Financial’s payout ratio is 32.07%.

Analyst Ratings Changes

Several equities research analysts have weighed in on BOKF shares. StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their target price on BOK Financial from $97.00 to $100.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Hovde Group upped their target price on BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Truist Financial lowered their price target on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Wells Fargo & Company upped their price target on shares of BOK Financial from $80.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 10th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $97.10.

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.