Royce & Associates LP Sells 8,935 Shares of BOK Financial Co. (NASDAQ:BOKF)

Royce & Associates LP decreased its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 13.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 56,152 shares of the bank’s stock after selling 8,935 shares during the quarter. Royce & Associates LP owned about 0.09% of BOK Financial worth $5,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BOKF. Sei Investments Co. bought a new position in BOK Financial during the first quarter worth $468,000. Russell Investments Group Ltd. lifted its stake in shares of BOK Financial by 15.1% in the 1st quarter. Russell Investments Group Ltd. now owns 36,033 shares of the bank’s stock valued at $3,315,000 after purchasing an additional 4,729 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after purchasing an additional 15,626 shares in the last quarter. Covestor Ltd grew its stake in BOK Financial by 361.8% during the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the period. Finally, Bessemer Group Inc. bought a new stake in BOK Financial in the first quarter worth approximately $86,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Activity at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the transaction, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. The trade was a 4.28 % 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 the SEC website. 56.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Keefe, Bruyette & Woods increased their price target on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Hovde Group raised their price objective on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, DA Davidson decreased their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $112.20.

BOK Financial Stock Up 0.0 %

BOKF stock opened at $114.66 on Monday. The stock has a 50-day simple moving average of $107.38 and a two-hundred day simple moving average of $99.76. BOK Financial Co. has a twelve month low of $69.76 and a twelve month high of $119.52. The firm has a market capitalization of $7.35 billion, a PE ratio of 15.77 and a beta of 1.17. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The business had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same quarter in the prior year, the firm posted $2.04 EPS. On average, equities analysts predict that BOK Financial Co. will post 8.07 EPS for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s dividend payout ratio (DPR) is 30.26%.

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.