Captrust Financial Advisors Acquires New Position in BOK Financial Co. (NASDAQ:BOKF)

Captrust Financial Advisors bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 3,461 shares of the bank’s stock, valued at approximately $368,000.

Several other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in BOK Financial by 27.4% during the fourth quarter. Bank of America Corp DE now owns 56,314 shares of the bank’s stock worth $5,995,000 after purchasing an additional 12,108 shares during the last quarter. Algert Global LLC raised its stake in BOK Financial by 19.8% during the fourth quarter. Algert Global LLC now owns 31,865 shares of the bank’s stock worth $3,392,000 after acquiring an additional 5,272 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in BOK Financial in the fourth quarter worth about $277,000. Freestone Grove Partners LP acquired a new position in BOK Financial in the fourth quarter valued at approximately $21,740,000. Finally, AQR Capital Management LLC grew its holdings in shares of BOK Financial by 80.0% during the fourth quarter. AQR Capital Management LLC now owns 414,548 shares of the bank’s stock valued at $44,129,000 after purchasing an additional 184,261 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BOKF shares. Stephens dropped their target price on BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company cut their price objective on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 9th. DA Davidson dropped their price target on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Hovde Group cut their price target on BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays decreased their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and an average target price of $111.60.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $97.76 on Tuesday. BOK Financial Co. has a twelve month low of $85.08 and a twelve month high of $121.58. 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 50-day moving average of $95.92 and a two-hundred day moving average of $105.91. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 12.02 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, April 21st. The bank reported $1.86 earnings per share (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 company had revenue of $500.37 million during the quarter, compared to the consensus estimate of $520.86 million. As a group, analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be given a $0.57 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.33%. BOK Financial’s dividend payout ratio (DPR) is 26.21%.

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.