Royce & Associates LP Sells 7,060 Shares of BOK Financial Corporation $BOKF

Royce & Associates LP lessened its holdings in BOK Financial Corporation (NASDAQ:BOKF) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,104 shares of the bank’s stock after selling 7,060 shares during the period. Royce & Associates LP’s holdings in BOK Financial were worth $5,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in BOK Financial by 0.7% during the second quarter. Geode Capital Management LLC now owns 440,071 shares of the bank’s stock worth $42,970,000 after acquiring an additional 3,155 shares during the period. First Trust Advisors LP grew its stake in BOK Financial by 94.8% in the 2nd quarter. First Trust Advisors LP now owns 377,391 shares of the bank’s stock valued at $36,845,000 after purchasing an additional 183,668 shares during the period. Norges Bank purchased a new stake in shares of BOK Financial during the 2nd quarter valued at $24,764,000. Qube Research & Technologies Ltd raised its stake in shares of BOK Financial by 193.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 226,230 shares of the bank’s stock worth $22,087,000 after purchasing an additional 149,201 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of BOK Financial by 5.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 187,316 shares of the bank’s stock worth $18,288,000 after buying an additional 9,581 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Steven Bangert sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $137.71, for a total transaction of $344,275.00. Following the sale, the director directly owned 34,916 shares in the company, valued at $4,808,282.36. This represents a 6.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 56.94% of the stock is owned by insiders.

BOK Financial Stock Up 0.7%

BOKF opened at $129.38 on Thursday. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $138.42. The company has a market cap of $7.85 billion, a PE ratio of 14.12 and a beta of 0.88. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $128.66 and a 200 day moving average of $117.37.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Friday, January 16th. The bank reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.32. BOK Financial had a return on equity of 9.36% and a net margin of 17.10%.The firm had revenue of $589.56 million for the quarter, compared to the consensus estimate of $550.05 million. During the same quarter in the prior year, the business posted $2.12 earnings per share. On average, sell-side analysts expect that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Announces Dividend

The business also recently announced 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 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 currently 27.51%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on BOKF shares. Weiss Ratings restated a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, January 21st. Raymond James Financial restated an “outperform” rating and set a $140.00 price target on shares of BOK Financial in a research note on Tuesday, January 20th. Wall Street Zen raised shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Zacks Research raised BOK Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 22nd. Finally, Wells Fargo & Company boosted their target price on BOK Financial from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $129.33.

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.