BOK Financial Co. (BOKF) Shares Bought by Royce & Associates LP

Royce & Associates LP boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 5.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 477,579 shares of the bank’s stock after purchasing an additional 26,752 shares during the period. Royce & Associates LP’s holdings in BOK Financial were worth $44,090,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. George Kaiser Family Foundation grew its position in BOK Financial by 40.5% during the 4th quarter. George Kaiser Family Foundation now owns 2,809,755 shares of the bank’s stock worth $259,397,000 after purchasing an additional 809,755 shares during the last quarter. BlackRock Inc. lifted its stake in BOK Financial by 0.7% during the 4th quarter. BlackRock Inc. now owns 1,055,560 shares of the bank’s stock valued at $97,450,000 after acquiring an additional 6,963 shares during the period. Principal Financial Group Inc. lifted its stake in BOK Financial by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 671,875 shares of the bank’s stock valued at $59,850,000 after acquiring an additional 9,624 shares during the period. The Manufacturers Life Insurance Company lifted its stake in BOK Financial by 11.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 374,138 shares of the bank’s stock valued at $34,541,000 after acquiring an additional 38,618 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in BOK Financial by 1.0% during the 3rd quarter. Wells Fargo & Company MN now owns 279,389 shares of the bank’s stock valued at $24,888,000 after acquiring an additional 2,893 shares during the period. 32.68% of the stock is currently owned by institutional investors.

BOK Financial Co. (BOKF) opened at $96.35 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.82. BOK Financial Co. has a 12 month low of $73.44 and a 12 month high of $98.80. The stock has a market cap of $6,300.81, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.88 and a beta of 1.01.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Wednesday, January 24th. The bank reported $1.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.05). BOK Financial had a net margin of 20.14% and a return on equity of 10.05%. The firm had revenue of $383.70 million during the quarter, compared to analyst estimates of $391.73 million. During the same quarter in the prior year, the firm earned $1.09 earnings per share. research analysts anticipate that BOK Financial Co. will post 6.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be paid a $0.45 dividend. This is a boost from BOK Financial’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, February 8th. BOK Financial’s payout ratio is currently 35.16%.

Several analysts have commented on BOKF shares. Zacks Investment Research cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Royal Bank of Canada restated a “hold” rating and set a $92.00 price objective on shares of BOK Financial in a research note on Friday, October 27th. ValuEngine cut shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Morgan Stanley lifted their price objective on shares of BOK Financial from $85.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, DA Davidson restated a “hold” rating and set a $103.00 price objective on shares of BOK Financial in a research note on Thursday, January 25th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $97.89.

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BOK Financial Profile

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.

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Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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