Probity Advisors Inc. Sells 135 Shares of BOK Financial Co. (NASDAQ:BOKF)

Probity Advisors Inc. lowered its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,822 shares of the bank’s stock after selling 135 shares during the quarter. Probity Advisors Inc.’s holdings in BOK Financial were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in BOK Financial during the second quarter worth $39,000. Covestor Ltd increased its holdings in shares of BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares during the last quarter. Olistico Wealth LLC bought a new position in shares of BOK Financial in the 2nd quarter valued at approximately $46,000. Bessemer Group Inc. acquired a new stake in BOK Financial in the 1st quarter worth approximately $86,000. Finally, Point72 DIFC Ltd bought a new stake in BOK Financial during the second quarter worth approximately $143,000. Institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Hovde Group lifted their price target on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Keefe, Bruyette & Woods lifted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Wells Fargo & Company upped their price target on shares of BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. DA Davidson raised BOK Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $113.00 to $124.00 in a research report on Tuesday. Finally, Stephens reissued an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a research report on Tuesday, July 23rd. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $111.10.

BOK Financial Trading Up 1.7 %

Shares of BOKF opened at $112.89 on Thursday. The stock’s 50-day moving average price is $103.10 and its 200 day moving average price is $96.32. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 16.46 and a beta of 1.17. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $113.54.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. The business had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. BOK Financial had a return on equity of 9.94% and a net margin of 13.92%. During the same period in the previous year, the business posted $2.27 earnings per share. As a group, research analysts predict that BOK Financial Co. will post 7.85 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.95%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio (DPR) is presently 32.07%.

BOK Financial 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.