Dimensional Fund Advisors LP Purchases 59,241 Shares of BOK Financial Corporation $BOKF

Dimensional Fund Advisors LP raised its holdings in shares of BOK Financial Corporation (NASDAQ:BOKF) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,629,362 shares of the bank’s stock after acquiring an additional 59,241 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.16% of BOK Financial worth $293,015,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its stake in BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after purchasing an additional 123 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of BOK Financial during the third quarter valued at approximately $41,000. Quent Capital LLC purchased a new position in shares of BOK Financial in the third quarter worth $47,000. EverSource Wealth Advisors LLC boosted its holdings in shares of BOK Financial by 109.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after purchasing an additional 261 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of BOK Financial by 17.4% during the second quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock valued at $129,000 after purchasing an additional 194 shares in the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BOKF has been the topic of several research reports. Piper Sandler set a $135.00 target price on BOK Financial in a report on Wednesday, January 21st. Zacks Research raised BOK Financial from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 22nd. Hovde Group cut BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price target for the company. in a report on Friday, December 12th. DA Davidson reaffirmed 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. Finally, Royal Bank Of Canada increased their target price on BOK Financial from $124.00 to $132.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $129.33.

Insiders Place Their Bets

In other BOK Financial news, Director Steven Bangert sold 1,300 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director directly owned 10,936 shares of the company’s stock, valued at $1,508,183.76. The trade was a 10.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 56.94% of the stock is owned by insiders.

BOK Financial Trading Down 2.1%

Shares of BOKF opened at $125.57 on Friday. BOK Financial Corporation has a twelve month low of $85.07 and a twelve month high of $138.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $128.87 and its 200-day simple moving average is $117.59. The company has a market cap of $7.62 billion, a P/E ratio of 13.71 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Friday, January 16th. The bank reported $2.48 EPS for the quarter, beating the consensus estimate of $2.16 by $0.32. The company had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.36%. During the same period in the prior year, the firm posted $2.12 EPS. As a group, analysts expect that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 5th. Investors of record on Thursday, February 19th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, February 19th. BOK Financial’s dividend payout ratio (DPR) is currently 27.51%.

BOK Financial Company Profile

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.