Isthmus Partners LLC Purchases 11,264 Shares of BOK Financial Corporation $BOKF

Isthmus Partners LLC lifted its position in BOK Financial Corporation (NASDAQ:BOKF) by 75.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,245 shares of the bank’s stock after buying an additional 11,264 shares during the period. Isthmus Partners LLC’s holdings in BOK Financial were worth $3,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in BOK Financial by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,673,692 shares of the bank’s stock valued at $316,731,000 after acquiring an additional 44,330 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new position in BOK Financial in the third quarter worth about $123,231,000. Cibc World Markets Corp purchased a new position in BOK Financial in the fourth quarter worth about $130,994,000. Cibc World Market Inc. boosted its position in BOK Financial by 39.0% in the fourth quarter. Cibc World Market Inc. now owns 908,800 shares of the bank’s stock worth $107,656,000 after purchasing an additional 254,800 shares during the last quarter. Finally, State Street Corp grew its stake in shares of BOK Financial by 5.3% during the 4th quarter. State Street Corp now owns 872,649 shares of the bank’s stock valued at $103,374,000 after purchasing an additional 44,068 shares during the period. Institutional investors own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

BOKF has been the subject of several research reports. DA Davidson upped their price target on shares of BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a research report on Wednesday, April 22nd. Benchmark initiated coverage on shares of BOK Financial in a research report on Wednesday, June 24th. They set a “hold” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a report on Tuesday, June 9th. Citigroup increased their price target on shares of BOK Financial from $138.00 to $141.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. Finally, Wells Fargo & Company increased their price target on shares of BOK Financial from $130.00 to $138.00 and gave the stock an “equal weight” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $136.18.

BOK Financial Trading Down 3.6%

Shares of NASDAQ:BOKF opened at $135.38 on Thursday. The stock has a 50 day moving average of $132.35 and a 200 day moving average of $129.99. The company has a market cap of $8.23 billion, a PE ratio of 13.70 and a beta of 0.80. BOK Financial Corporation has a 12-month low of $97.40 and a 12-month high of $142.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.28. BOK Financial had a net margin of 18.05% and a return on equity of 9.89%. The company had revenue of $553.82 million for the quarter, compared to analysts’ expectations of $549.71 million. During the same quarter last year, the business earned $1.86 EPS. As a group, equities research analysts expect that BOK Financial Corporation will post 10.28 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Wednesday, May 13th. BOK Financial’s dividend payout ratio (DPR) is presently 25.51%.

Insider Activity

In related news, EVP Jeffrey A. Reid sold 1,200 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $135.52, for a total value of $162,624.00. Following the completion of the transaction, the executive vice president owned 8,116 shares of the company’s stock, valued at approximately $1,099,880.32. This represents a 12.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mark B. Wade sold 1,700 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $132.62, for a total value of $225,454.00. Following the completion of the sale, the executive vice president owned 20,361 shares of the company’s stock, valued at $2,700,275.82. The trade was a 7.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,500 shares of company stock worth $738,571 in the last three months. Company insiders own 63.53% 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.