GAMMA Investing LLC Buys 1,001 Shares of BOK Financial Corporation $BOKF

GAMMA Investing LLC raised its stake in BOK Financial Corporation (NASDAQ:BOKF) by 203.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,494 shares of the bank’s stock after purchasing an additional 1,001 shares during the period. GAMMA Investing LLC’s holdings in BOK Financial were worth $146,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new position in BOK Financial during the fourth quarter worth about $559,000. Versant Capital Management Inc increased its holdings in BOK Financial by 1,046.7% during the 1st quarter. Versant Capital Management Inc now owns 1,376 shares of the bank’s stock worth $143,000 after acquiring an additional 1,256 shares during the period. Parallel Advisors LLC increased its holdings in BOK Financial by 6.2% during the 1st quarter. Parallel Advisors LLC now owns 6,795 shares of the bank’s stock worth $708,000 after acquiring an additional 396 shares during the period. Pallas Capital Advisors LLC purchased a new position in BOK Financial in the 1st quarter worth approximately $234,000. Finally, Wealthquest Corp purchased a new position in BOK Financial in the 1st quarter worth approximately $851,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

BOK Financial Stock Performance

Shares of NASDAQ BOKF opened at $111.46 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 0.70. The company has a market cap of $7.09 billion, a PE ratio of 13.35 and a beta of 0.91. The firm’s 50-day moving average price is $107.87 and its 200-day moving average price is $100.53. BOK Financial Corporation has a 52-week low of $85.07 and a 52-week high of $121.58.

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

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Wednesday, August 13th were issued a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.0%. BOK Financial’s dividend payout ratio (DPR) is presently 27.31%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods increased their price target on shares of BOK Financial from $101.00 to $115.00 and gave the company a “market perform” rating in a research report on Thursday, July 24th. Royal Bank Of Canada increased their price target on shares of BOK Financial from $104.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company set a $110.00 price target on shares of BOK Financial and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group increased their price target on shares of BOK Financial from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, BOK Financial presently has a consensus rating of “Hold” and a consensus price target of $113.00.

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.