BOK Financial Corporation $BOKF Stock Holdings Trimmed by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. reduced its position in BOK Financial Corporation (NASDAQ:BOKF) by 46.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,471 shares of the bank’s stock after selling 14,944 shares during the period. Diamond Hill Capital Management Inc.’s holdings in BOK Financial were worth $2,070,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings in BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in BOK Financial in the third quarter valued at about $41,000. Covestor Ltd increased its holdings in BOK Financial by 108.0% in the fourth quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after buying an additional 190 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in BOK Financial by 109.2% in the second quarter. EverSource Wealth Advisors LLC now owns 500 shares of the bank’s stock valued at $49,000 after buying an additional 261 shares during the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in BOK Financial in the third quarter valued at about $55,000. 34.44% of the stock is owned by institutional investors.

BOK Financial Stock Up 0.8%

NASDAQ:BOKF opened at $130.74 on Friday. The firm has a market capitalization of $7.94 billion, a PE ratio of 13.23 and a beta of 0.83. The stock has a 50 day moving average of $130.28 and a 200-day moving average of $124.98. BOK Financial Corporation has a 52 week low of $91.35 and a 52 week high of $139.73. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.03.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, April 20th. The bank reported $2.58 EPS for the quarter, beating the consensus estimate of $2.30 by $0.28. The company had revenue of $553.82 million during the quarter, compared to analyst estimates of $549.71 million. BOK Financial had a return on equity of 9.89% and a net margin of 18.05%.During the same period in the prior year, the company earned $1.86 earnings per share. Analysts predict that BOK Financial Corporation will post 10.24 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Wednesday, May 13th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $2.52 annualized dividend and a dividend yield of 1.9%. BOK Financial’s dividend payout ratio is 25.51%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BOKF. Zacks Research lowered BOK Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Royal Bank Of Canada boosted their price objective on BOK Financial from $136.00 to $145.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Citigroup boosted their price objective on BOK Financial from $135.00 to $138.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on BOK Financial from $115.00 to $127.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Finally, DA Davidson boosted their price objective on BOK Financial from $132.00 to $139.00 and gave the company a “neutral” rating in a report on Wednesday, April 22nd. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $134.91.

Insider Activity

In other news, EVP Jeffrey A. Reid sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $135.52, for a total transaction of $162,624.00. Following the completion of the transaction, the executive vice president directly owned 8,116 shares of the company’s stock, valued at approximately $1,099,880.32. This represents a 12.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Bangert sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $134.78, for a total value of $283,038.00. Following the transaction, the director directly owned 32,816 shares of the company’s stock, valued at $4,422,940.48. This trade represents a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,500 shares of company stock valued at $738,571. 63.53% of the stock is currently owned by insiders.

About BOK Financial

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.