BOK Financial Co. (NASDAQ:BOKF) Shares Sold by PDT Partners LLC

PDT Partners LLC decreased its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 20.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,320 shares of the bank’s stock after selling 836 shares during the quarter. PDT Partners LLC’s holdings in BOK Financial were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Edgestream Partners L.P. acquired a new position in shares of BOK Financial during the 2nd quarter valued at $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings 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 valued at $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Creative Planning lifted its holdings in BOK Financial by 130.1% in 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 in the last quarter. Sanctuary Advisors LLC acquired a new position in BOK Financial in the 2nd quarter worth $540,000. Finally, Bleakley Financial Group LLC lifted its holdings in BOK Financial by 31.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,013 shares of the bank’s stock worth $315,000 after buying an additional 724 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on BOKF. Stephens cut their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Royal Bank of Canada boosted their price objective on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 23rd. Truist Financial upgraded shares of BOK Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $112.00 to $123.00 in a report on Friday, September 20th. Wells Fargo & Company boosted their price objective on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, DA Davidson cut their price objective 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. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $112.90.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the sale, the director now directly owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 59.72% of the stock is owned by insiders.

BOK Financial Price Performance

NASDAQ BOKF opened at $118.10 on Wednesday. BOK Financial Co. has a 52 week low of $74.40 and a 52 week high of $121.58. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of 16.24 and a beta of 1.18. The company has a 50-day moving average price of $110.37 and a two-hundred day moving average price of $101.61.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, topping the consensus estimate of $1.98 by $0.20. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. The firm had revenue of $888.50 million during the quarter, compared to analysts’ expectations of $509.43 million. During the same quarter in the prior year, the firm earned $2.04 EPS. Analysts forecast that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th were given a $0.57 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.28 annualized dividend and a yield of 1.93%. BOK Financial’s dividend payout ratio is 31.36%.

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.