BOK Financial Co. (NASDAQ:BOKF) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 1.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BOKF. Allspring Global Investments Holdings LLC grew its position in BOK Financial by 4,370,260.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of BOK Financial by 24.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,198 shares of the bank’s stock valued at $568,000 after acquiring an additional 1,228 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of BOK Financial by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after acquiring an additional 13,175 shares during the period. Maryland State Retirement & Pension System purchased a new position in BOK Financial during the second quarter worth about $210,000. Finally, nVerses Capital LLC purchased a new position in BOK Financial during the second quarter worth about $147,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $109.69 on Friday. BOK Financial Co. has a twelve month low of $77.86 and a twelve month high of $121.58. The company has a market capitalization of $7.03 billion, a P/E ratio of 15.09 and a beta of 1.18. 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 firm has a 50-day moving average price of $113.63 and a two-hundred day moving average price of $103.62.

BOK Financial (NASDAQ:BOKF) last issued 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. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The firm had revenue of $888.50 million during the quarter, compared to the consensus estimate of $509.43 million. During the same period in the previous year, the firm posted $2.04 EPS. As a group, research analysts expect that BOK Financial Co. will post 8.08 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were given a $0.57 dividend. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, November 15th. BOK Financial’s dividend payout ratio is currently 31.36%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Wedbush reissued a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a report on Tuesday, October 22nd. Royal Bank of Canada increased their price target on shares of BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. Finally, DA Davidson decreased 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 issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $114.40.

Insider Activity at BOK Financial

In related 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 transaction of $235,660.00. Following the transaction, the director now owns 44,709 shares of the company’s stock, valued at approximately $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.