Victory Capital Management Inc. Acquires 36,982 Shares of BOK Financial Corporation $BOKF

Victory Capital Management Inc. boosted its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 18.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,007 shares of the bank’s stock after acquiring an additional 36,982 shares during the period. Victory Capital Management Inc. owned 0.37% of BOK Financial worth $26,078,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of BOK Financial by 92.5% during the third quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock valued at $29,000 after purchasing an additional 123 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of BOK Financial in the third quarter worth about $41,000. Quent Capital LLC purchased a new position in BOK Financial during the 3rd quarter valued at approximately $47,000. EverSource Wealth Advisors LLC grew its holdings in 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 buying an additional 261 shares in the last quarter. Finally, Osaic Holdings Inc. raised 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 acquiring an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF stock opened at $125.32 on Tuesday. The stock has a market cap of $7.61 billion, a PE ratio of 13.68 and a beta of 0.88. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $138.42. The company has a 50-day moving average price of $128.96 and a 200 day moving average price of $117.90. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. The business had revenue of $589.56 million during 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 quarter last year, the firm earned $2.12 earnings per share. Equities research analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BOKF shares. Citigroup upped their price target on shares of BOK Financial from $124.00 to $135.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Barclays upped their target price on shares of BOK Financial from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. Raymond James Financial reiterated an “outperform” rating and issued a $140.00 price target on shares of BOK Financial in a research report on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BOK Financial in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $129.33.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 1,300 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total transaction of $179,283.00. Following the completion of the sale, the director directly owned 10,936 shares of the company’s stock, valued at approximately $1,508,183.76. The trade was a 10.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 60.14% of the company’s stock.

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.