Tidal Investments LLC Grows Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Tidal Investments LLC raised its holdings in BOK Financial Co. (NASDAQ:BOKF) by 1.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,919 shares of the bank’s stock after acquiring an additional 147 shares during the period. Tidal Investments LLC’s holdings in BOK Financial were worth $933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BOKF. KBC Group NV raised its position in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares during the period. American Century Companies Inc. increased its stake in BOK Financial by 1.4% during the second quarter. American Century Companies Inc. now owns 16,056 shares of the bank’s stock worth $1,471,000 after acquiring an additional 225 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of BOK Financial by 9.6% in the 3rd quarter. XTX Topco Ltd now owns 3,940 shares of the bank’s stock worth $412,000 after purchasing an additional 346 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BOK Financial in the 2nd quarter valued at about $39,000. Finally, Vanguard Personalized Indexing Management LLC grew its holdings in shares of BOK Financial by 18.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,816 shares of the bank’s stock worth $258,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Stock Up 1.4 %

Shares of NASDAQ BOKF opened at $109.69 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. BOK Financial Co. has a 1 year low of $77.86 and a 1 year high of $121.58. The stock’s 50-day simple moving average is $113.63 and its 200-day simple moving average is $103.62. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 15.09 and a beta of 1.18.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.20. The company had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 million. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. During the same period in the previous year, the business earned $2.04 EPS. As a group, 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 was paid on Wednesday, November 27th. Investors of record on Friday, November 15th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 2.08%. BOK Financial’s dividend payout ratio is currently 31.36%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BOKF shares. Wedbush restated a “neutral” rating and issued a $115.00 price target on shares of BOK Financial in a report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on BOK Financial from $112.00 to $125.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Finally, DA Davidson decreased their target price on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, BOK Financial currently has an average rating of “Hold” and an average target price of $114.40.

Insider Buying and Selling at BOK Financial

In other news, Director Steven Bangert sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the sale, the director now owns 44,709 shares in the company, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 56.94% of the stock is currently owned by insiders.

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.