VIRGINIA RETIREMENT SYSTEMS ET Al Takes $241,000 Position in BOK Financial Corporation $BOKF

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in BOK Financial Corporation (NASDAQ:BOKF) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,470 shares of the bank’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BOKF. VELA Investment Management LLC increased its stake in BOK Financial by 3.9% during the 2nd quarter. VELA Investment Management LLC now owns 22,561 shares of the bank’s stock worth $2,203,000 after purchasing an additional 854 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in BOK Financial during the 2nd quarter worth approximately $488,000. Vest Financial LLC bought a new stake in BOK Financial during the 2nd quarter worth approximately $1,130,000. Allspring Global Investments Holdings LLC increased its stake in BOK Financial by 13.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 269,292 shares of the bank’s stock worth $27,314,000 after purchasing an additional 32,460 shares in the last quarter. Finally, Meritage Portfolio Management increased its stake in BOK Financial by 6.3% during the 2nd quarter. Meritage Portfolio Management now owns 6,452 shares of the bank’s stock worth $630,000 after purchasing an additional 381 shares in the last quarter. 34.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on BOK Financial from $110.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on BOK Financial from $110.00 to $124.00 and gave the stock a “sector perform” rating in a research note on Friday, October 10th. Credit Suisse Group set a $116.00 target price on BOK Financial in a research note on Wednesday. Wall Street Zen cut BOK Financial from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Finally, DA Davidson boosted their target price on BOK Financial from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $115.55.

BOK Financial Price Performance

NASDAQ:BOKF opened at $106.28 on Monday. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $110.51 and a 200 day simple moving average of $101.95. The stock has a market capitalization of $6.76 billion, a PE ratio of 12.67 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, September 8th. The bank reported $2.02 earnings per share for the quarter. BOK Financial had a return on equity of 9.35% and a net margin of 15.98%.The business had revenue of $298.49 million for the quarter. On average, research analysts expect that BOK Financial Corporation will post 8.83 EPS for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Wednesday, August 13th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 annualized dividend and a yield of 2.1%. BOK Financial’s dividend payout ratio (DPR) is currently 27.18%.

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.