MQS Management LLC Buys Shares of 2,006 BOK Financial Co. (NASDAQ:BOKF)

MQS Management LLC bought a new stake in BOK Financial Co. (NASDAQ:BOKF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,006 shares of the bank’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock valued at $3,168,000 after acquiring an additional 15,626 shares during the period. Edgestream Partners L.P. acquired a new position in shares of BOK Financial during the 2nd quarter worth $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake 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 during the 1st quarter worth $468,000. Finally, Creative Planning raised its stake in shares of BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock worth $1,250,000 after buying an additional 6,755 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Trading Up 0.5 %

NASDAQ BOKF opened at $114.66 on Friday. BOK Financial Co. has a 12 month low of $69.76 and a 12 month high of $119.52. The company has a 50-day moving average of $107.38 and a 200-day moving average of $99.62. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $7.35 billion, a P/E ratio of 15.77 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating 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 company had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same quarter in the prior year, the company posted $2.04 EPS. As a group, equities analysts predict that BOK Financial Co. will post 8.07 earnings per share for the current year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.99%. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. BOK Financial’s payout ratio is presently 30.26%.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. The trade was a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 56.94% of the company’s stock.

Wall Street Analyst Weigh In

BOKF has been the subject of several research reports. Wells Fargo & Company lifted their price target on BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. DA Davidson cut their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Truist Financial raised shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $112.00 to $123.00 in a research note on Friday, September 20th. Hovde Group boosted their target price on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Finally, Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $112.20.

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.