Rhumbline Advisers Lowers Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Rhumbline Advisers lessened its position in BOK Financial Co. (NASDAQ:BOKF) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,571 shares of the bank’s stock after selling 1,795 shares during the quarter. Rhumbline Advisers’ holdings in BOK Financial were worth $3,041,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. KBC Group NV increased its stake in BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of BOK Financial in the third quarter valued at approximately $142,000. SageView Advisory Group LLC purchased a new stake in BOK Financial during the 3rd quarter worth approximately $200,000. CIBC Asset Management Inc acquired a new stake in BOK Financial during the 3rd quarter worth approximately $202,000. Finally, LMR Partners LLP purchased a new position in BOK Financial in the 3rd quarter valued at approximately $210,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Trading Up 1.2 %

NASDAQ BOKF opened at $108.96 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.79 and a current ratio of 0.75. BOK Financial Co. has a one year low of $83.22 and a one year high of $121.58. The company has a 50-day simple moving average of $109.56 and a 200-day simple moving average of $109.06. The firm has a market capitalization of $7.00 billion, a PE ratio of 13.40 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s payout ratio is presently 28.04%.

Wall Street Analyst Weigh In

Several research analysts have commented on BOKF shares. Stephens lowered their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada increased their target price on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Wells Fargo & Company raised their price target on BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 3rd. 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 research report on Wednesday, December 4th. Finally, StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BOK Financial presently has an average rating of “Hold” and an average target price of $116.40.

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.