BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth raised its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 27.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,779 shares of the bank’s stock after buying an additional 1,025 shares during the quarter. Focus Partners Wealth’s holdings in BOK Financial were worth $509,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BOKF. Merit Financial Group LLC acquired a new stake in BOK Financial during the 4th quarter valued at $256,000. SG Americas Securities LLC boosted its holdings in shares of BOK Financial by 433.0% during the fourth quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after purchasing an additional 7,487 shares during the last quarter. KBC Group NV boosted its holdings in shares of BOK Financial by 32.7% during the fourth quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after purchasing an additional 296 shares during the last quarter. Meritage Portfolio Management acquired a new stake in shares of BOK Financial during the fourth quarter worth $444,000. Finally, Entropy Technologies LP acquired a new stake in shares of BOK Financial during the fourth quarter worth $671,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Down 0.9%

BOKF stock opened at $96.88 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 1 year low of $85.08 and a 1 year high of $121.58. The company has a fifty day simple moving average of $95.88 and a 200 day simple moving average of $105.84. The firm has a market cap of $6.23 billion, a PE ratio of 11.92 and a beta of 0.87.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data 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). The business had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. Sell-side analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s dividend payout ratio is currently 26.21%.

Wall Street Analysts Forecast Growth

Several research firms have commented on BOKF. StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a research report on Monday, March 17th. Barclays decreased their price target on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their target price on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. Hovde Group decreased their target price on BOK Financial from $122.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank of Canada decreased their target price on BOK Financial from $119.00 to $104.00 and set a “sector perform” rating for the company in a research note on Wednesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $111.60.

BOK Financial 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.