BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC lessened its holdings in BOK Financial Co. (NASDAQ:BOKF) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,164 shares of the bank’s stock after selling 1,300 shares during the quarter. Polaris Capital Management LLC’s holdings in BOK Financial were worth $1,934,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV raised its position in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after acquiring an additional 183 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of BOK Financial during the 3rd quarter valued at about $142,000. CWM LLC grew its holdings in BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares during the last quarter. SG Americas Securities LLC bought a new position in BOK Financial in the 3rd quarter worth $181,000. Finally, SageView Advisory Group LLC acquired a new position in shares of BOK Financial during the 3rd quarter worth about $200,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

NASDAQ BOKF opened at $110.04 on Tuesday. The firm’s fifty day moving average price is $111.26 and its two-hundred day moving average price is $108.12. BOK Financial Co. has a 1 year low of $78.99 and a 1 year high of $121.58. The firm has a market capitalization of $7.06 billion, a P/E ratio of 13.54 and a beta of 1.19. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. As a group, research analysts anticipate that BOK Financial Co. will post 8.75 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, February 12th. BOK Financial’s payout ratio is 28.04%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BOKF shares. Stephens dropped their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. StockNews.com upgraded BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada increased their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $116.40.

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.