GSA Capital Partners LLP Cuts Stock Position in BOK Financial Corporation $BOKF

GSA Capital Partners LLP trimmed its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 29.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,971 shares of the bank’s stock after selling 4,555 shares during the period. GSA Capital Partners LLP’s holdings in BOK Financial were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BOKF. Greenleaf Trust raised its stake in BOK Financial by 2.4% during the 3rd quarter. Greenleaf Trust now owns 4,214 shares of the bank’s stock valued at $470,000 after purchasing an additional 98 shares during the period. Forum Financial Management LP raised its position in shares of BOK Financial by 5.2% during the second quarter. Forum Financial Management LP now owns 2,488 shares of the bank’s stock valued at $243,000 after buying an additional 122 shares during the last quarter. Versant Capital Management Inc lifted its stake in BOK Financial by 92.5% in the 3rd quarter. Versant Capital Management Inc now owns 256 shares of the bank’s stock worth $29,000 after purchasing an additional 123 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of BOK Financial by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 20,743 shares of the bank’s stock valued at $2,025,000 after purchasing an additional 151 shares during the last quarter. Finally, Osaic Holdings Inc. grew its position in shares of BOK Financial by 17.4% during the second quarter. Osaic Holdings Inc. now owns 1,311 shares of the bank’s stock valued at $129,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Piper Sandler set a $135.00 target price on BOK Financial in a research report on Wednesday, January 21st. Wells Fargo & Company raised their target price on shares of BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, January 5th. Royal Bank Of Canada boosted their price target on shares of BOK Financial from $124.00 to $132.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 21st. Finally, Barclays increased their price objective on shares of BOK Financial from $125.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, BOK Financial has a consensus rating of “Hold” and a consensus price target of $129.33.

BOK Financial Stock Performance

NASDAQ:BOKF opened at $133.41 on Thursday. The firm has a market capitalization of $8.44 billion, a PE ratio of 14.56 and a beta of 0.90. The stock’s fifty day moving average is $126.67 and its 200 day moving average is $115.45. BOK Financial Corporation has a fifty-two week low of $85.07 and a fifty-two week high of $138.42. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings data on Friday, January 16th. The bank reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.32. The business had revenue of $589.56 million for the quarter, compared to analysts’ expectations of $550.05 million. BOK Financial had a net margin of 17.10% and a return on equity of 9.37%. During the same quarter in the previous year, the business posted $2.12 earnings per share. On average, sell-side analysts anticipate that BOK Financial Corporation will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 19th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.52 annualized dividend and a yield of 1.9%. BOK Financial’s dividend payout ratio (DPR) is presently 27.51%.

Insider Activity

In other news, Director Steven Bangert sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total transaction of $344,275.00. Following the transaction, the director owned 34,916 shares of the company’s stock, valued at approximately $4,808,282.36. This represents a 6.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,800 shares of company stock worth $638,448 in the last ninety days. 56.94% of the stock is owned by insiders.

BOK Financial Company Profile

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.