Prospera Private Wealth LLC Takes $142,000 Position in BOK Financial Co. (NASDAQ:BOKF)

Prospera Private Wealth LLC bought a new position in shares of BOK Financial Co. (NASDAQ:BOKF) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,356 shares of the bank’s stock, valued at approximately $142,000.

Other large investors have also recently bought and sold shares of the company. Edgestream Partners L.P. purchased a new stake in BOK Financial during the second quarter worth approximately $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after buying an additional 13,175 shares during the last quarter. Sei Investments Co. acquired a new position in shares of BOK Financial in the 1st quarter valued at $468,000. Creative Planning grew its position in shares of BOK Financial by 130.1% in the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after buying an additional 6,755 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in BOK Financial during the 2nd quarter worth $540,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BOKF. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $112.00 to $123.00 in a research report on Friday, September 20th. DA Davidson cut their target price on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on shares of BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Keefe, Bruyette & Woods lifted their price objective on shares of BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Finally, Stephens decreased their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $112.20.

BOK Financial Stock Up 1.3 %

BOKF opened at $115.79 on Friday. The business has a 50 day simple moving average of $108.43 and a 200-day simple moving average of $100.29. BOK Financial Co. has a 12 month low of $69.76 and a 12 month high of $119.52. The stock has a market capitalization of $7.42 billion, a P/E ratio of 15.93 and a beta of 1.17. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79.

BOK Financial (NASDAQ:BOKF) last posted its quarterly 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 analysts’ expectations of $509.43 million. During the same period in the prior year, the company posted $2.04 EPS. On average, equities analysts anticipate that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.97%. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 15th. BOK Financial’s dividend payout ratio (DPR) is presently 31.36%.

Insider Transactions at BOK Financial

In related news, Director Steven Bangert sold 2,000 shares of BOK Financial stock in a transaction on 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 directly 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 SEC, which can be accessed through this link. Corporate insiders own 56.94% of the company’s stock.

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.