Royce & Associates LP lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 455,676 shares of the bank’s stock after selling 4,031 shares during the period. Royce & Associates LP’s holdings in BOK Financial were worth $37,160,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of BOKF. Bank of New York Mellon Corp raised its position in BOK Financial by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 180,720 shares of the bank’s stock worth $17,579,000 after acquiring an additional 2,233 shares in the last quarter. Legal & General Group Plc raised its position in BOK Financial by 1.3% in the third quarter. Legal & General Group Plc now owns 11,931 shares of the bank’s stock worth $1,161,000 after acquiring an additional 148 shares in the last quarter. Bank of Montreal Can raised its position in BOK Financial by 6.6% in the fourth quarter. Bank of Montreal Can now owns 2,037 shares of the bank’s stock worth $150,000 after acquiring an additional 127 shares in the last quarter. BB&T Corp raised its position in BOK Financial by 1.2% in the fourth quarter. BB&T Corp now owns 21,461 shares of the bank’s stock worth $1,574,000 after acquiring an additional 247 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in BOK Financial by 88.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,511 shares of the bank’s stock worth $184,000 after acquiring an additional 1,177 shares in the last quarter. 39.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of BOKF traded up $1.16 during trading hours on Monday, reaching $78.65. 108,664 shares of the company traded hands, compared to its average volume of 138,885. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 1.68. The firm has a market cap of $5.62 billion, a P/E ratio of 11.60, a PEG ratio of 1.67 and a beta of 1.23. BOK Financial Co. has a fifty-two week low of $69.96 and a fifty-two week high of $106.07.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.54%. This is a positive change from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, May 10th. BOK Financial’s dividend payout ratio (DPR) is presently 29.50%.
In other BOK Financial news, Director Steven Bangert sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $86.84, for a total value of $868,400.00. Following the sale, the director now directly owns 147,841 shares of the company’s stock, valued at approximately $12,838,512.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 54.90% of the stock is currently owned by company insiders.
BOKF has been the subject of several research analyst reports. ValuEngine cut BOK Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. BidaskClub upgraded BOK Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 30th. SunTrust Banks upped their target price on BOK Financial to $92.00 and gave the company a “hold” rating in a report on Thursday, January 31st. They noted that the move was a valuation call. Zacks Investment Research lowered BOK Financial from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Finally, Stephens reissued a “buy” rating and issued a $100.00 target price on shares of BOK Financial in a report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $101.55.
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BOK Financial Company 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.
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