Strs Ohio Has $59,000 Stake in BOK Financial Corporation $BOKF

Strs Ohio cut its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 96.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 529 shares of the bank’s stock after selling 15,530 shares during the period. Strs Ohio’s holdings in BOK Financial were worth $59,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Greenleaf Trust increased its holdings in shares of BOK Financial by 2.4% during the 3rd quarter. Greenleaf Trust now owns 4,214 shares of the bank’s stock worth $470,000 after purchasing an additional 98 shares during the period. Forum Financial Management LP increased its stake in BOK Financial by 5.2% during the second quarter. Forum Financial Management LP now owns 2,488 shares of the bank’s stock valued at $243,000 after acquiring an additional 122 shares during the period. Versant Capital Management Inc raised its holdings in BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after acquiring an additional 123 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of BOK Financial by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 20,743 shares of the bank’s stock worth $2,025,000 after acquiring an additional 151 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of BOK Financial by 17.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock worth $129,000 after purchasing an additional 194 shares in the last quarter. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BOKF has been the subject of several research reports. Credit Suisse Group set a $116.00 target price on BOK Financial in a research report on Wednesday, October 22nd. Wall Street Zen raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Hovde Group lowered shares of BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price target for the company. in a research report on Friday, December 12th. Zacks Research upgraded shares of BOK Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Finally, DA Davidson reiterated a “neutral” rating and issued a $135.00 price objective (up from $125.00) on shares of BOK Financial in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, BOK Financial has an average rating of “Hold” and a consensus target price of $129.33.

BOK Financial Stock Up 2.0%

Shares of BOKF opened at $134.61 on Thursday. The company has a market capitalization of $8.51 billion, a P/E ratio of 14.70 and a beta of 0.90. BOK Financial Corporation has a one year low of $85.07 and a one year high of $138.09. The business’s 50 day simple moving average is $122.82 and its 200-day simple moving average is $113.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.32. The firm had revenue of $589.56 million during the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a return on equity of 9.37% and a net margin of 17.10%.During the same quarter in the previous year, the company posted $2.12 EPS. As a group, sell-side analysts predict that BOK Financial Corporation 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 Thursday, March 5th. Shareholders of record on Thursday, February 19th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.9%. The ex-dividend date is Thursday, February 19th. BOK Financial’s dividend payout ratio (DPR) is presently 27.51%.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $137.71, for a total transaction of $344,275.00. Following the transaction, the director directly owned 34,916 shares in the company, valued at approximately $4,808,282.36. This represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 4,800 shares of company stock valued at $638,448 over the last ninety days. Insiders own 56.94% of the company’s stock.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.