BOK Financial Co. (NASDAQ:BOKF) Stock Position Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,063 shares of the bank’s stock after purchasing an additional 195 shares during the quarter. New York State Common Retirement Fund’s holdings in BOK Financial were worth $2,147,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in shares of BOK Financial by 214.0% in the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock valued at $25,000 after buying an additional 214 shares during the period. VisionPoint Advisory Group LLC grew 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 valued at $30,000 after purchasing an additional 192 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of BOK Financial during the 3rd quarter worth approximately $78,000. Alps Advisors Inc. bought a new stake in shares of BOK Financial in the 3rd quarter worth approximately $329,000. Finally, SG Americas Securities LLC acquired a new position in BOK Financial during the 3rd quarter valued at approximately $347,000. Institutional investors own 34.44% of the company’s stock.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 3,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total value of $274,980.00. Following the transaction, the director now owns 47,985 shares of the company’s stock, valued at $4,398,305.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 56.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BOKF shares. Hovde Group increased their target price on BOK Financial from $96.00 to $97.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Truist Financial reduced their target price on shares of BOK Financial from $99.00 to $97.00 and set a “hold” rating for the company in a research note on Friday, April 26th. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Stephens boosted their price objective on BOK Financial from $96.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 25th. Finally, DA Davidson raised their target price on BOK Financial from $90.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, April 25th. Ten analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $97.10.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $92.49 on Wednesday. BOK Financial Co. has a 1 year low of $62.42 and a 1 year high of $93.73. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a fifty day moving average price of $88.61 and a two-hundred day moving average price of $82.31. The firm has a market cap of $5.97 billion, a P/E ratio of 13.48 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Tuesday, April 30th. The bank reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.19. BOK Financial had a return on equity of 10.52% and a net margin of 13.93%. The firm had revenue of $806.91 million for the quarter, compared to analyst estimates of $473.70 million. During the same period in the previous year, the company earned $2.43 earnings per share. Research analysts forecast that BOK Financial Co. will post 7.53 EPS for the current fiscal year.

BOK Financial Dividend Announcement

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

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.