BOK Financial Corporation $BOKF Shares Sold by Rhumbline Advisers

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

Several other institutional investors also recently added to or reduced their stakes in BOKF. Strs Ohio acquired a new position in shares of BOK Financial in the first quarter valued at approximately $1,915,000. Acadian Asset Management LLC acquired a new position in shares of BOK Financial in the first quarter valued at approximately $159,000. Jane Street Group LLC increased its holdings in shares of BOK Financial by 344.0% in the first quarter. Jane Street Group LLC now owns 20,326 shares of the bank’s stock valued at $2,117,000 after purchasing an additional 15,748 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BOK Financial by 14.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 90,171 shares of the bank’s stock valued at $9,391,000 after purchasing an additional 11,057 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of BOK Financial by 6.4% in the first quarter. Millennium Management LLC now owns 268,887 shares of the bank’s stock valued at $28,005,000 after purchasing an additional 16,108 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BOKF. Citigroup boosted their target price on BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $101.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Wall Street Zen lowered BOK Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Barclays upped their price objective on BOK Financial from $110.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, DA Davidson upped their price objective on BOK Financial from $114.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $113.83.

BOK Financial Stock Performance

Shares of NASDAQ:BOKF opened at $110.08 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $121.58. The firm has a market capitalization of $7.00 billion, a PE ratio of 13.18 and a beta of 0.91. The business has a 50-day moving average of $106.34 and a two-hundred day moving average of $99.89.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, July 21st. The bank reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.21. The business had revenue of $525.50 million during the quarter, compared to analyst estimates of $521.80 million. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.During the same quarter last year, the firm earned $2.54 earnings per share. As a group, research analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.1%. The ex-dividend date was Wednesday, August 13th. BOK Financial’s dividend payout ratio (DPR) is currently 27.31%.

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.