Royce & Associates LP Sells 7,060 Shares of BOK Financial Corporation $BOKF

Royce & Associates LP cut its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 12.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 49,104 shares of the bank’s stock after selling 7,060 shares during the period. Royce & Associates LP owned 0.08% of BOK Financial worth $5,472,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BOK Financial by 50.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,757 shares of the bank’s stock valued at $1,636,000 after buying an additional 5,650 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in BOK Financial by 11.9% during the second quarter. Envestnet Asset Management Inc. now owns 27,263 shares of the bank’s stock worth $2,662,000 after buying an additional 2,909 shares during the last quarter. Capital Fund Management S.A. bought a new stake in BOK Financial during the second quarter worth $1,149,000. Quantbot Technologies LP acquired a new stake in BOK Financial in the second quarter valued at $1,211,000. Finally, Norges Bank acquired a new stake in BOK Financial in the second quarter valued at $24,764,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Buying and Selling

In other news, Director Steven Bangert sold 1,300 shares of the company’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $137.91, for a total value of $179,283.00. Following the completion of the sale, the director owned 10,936 shares in the company, valued at $1,508,183.76. This represents a 10.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 56.94% of the company’s stock.

BOK Financial Price Performance

NASDAQ:BOKF opened at $129.38 on Thursday. The firm’s 50-day simple moving average is $128.66 and its 200 day simple moving average is $117.37. BOK Financial Corporation has a 52 week low of $85.07 and a 52 week high of $138.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.77 and a current ratio of 0.77. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 14.12 and a beta of 0.88.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.32. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.The business had revenue of $589.56 million for the quarter, compared to analyst estimates of $550.05 million. During the same quarter in the previous year, the company posted $2.12 EPS. As a group, sell-side analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 19th will be issued a dividend of $0.63 per share. The ex-dividend date is Thursday, February 19th. This represents a $2.52 annualized dividend and a yield of 1.9%. BOK Financial’s dividend payout ratio is 27.51%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BOKF shares. Citigroup boosted their price objective on shares of BOK Financial from $124.00 to $135.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Barclays lifted their price target on BOK Financial from $125.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 21st. Hovde Group lowered BOK Financial from an “outperform” rating to a “market perform” rating and set a $129.00 price objective on the stock. in a research note on Friday, December 12th. Wells Fargo & Company raised their price objective on BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.33.

About BOK Financial

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.