BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by Creative Planning

Creative Planning boosted its holdings in BOK Financial Co. (NASDAQ:BOKF) by 66.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,191 shares of the bank’s stock after buying an additional 2,071 shares during the period. Creative Planning’s holdings in BOK Financial were worth $476,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial in the second quarter valued at approximately $39,000. Covestor Ltd increased its holdings in shares of BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after buying an additional 369 shares during the last quarter. Olistico Wealth LLC purchased a new position in shares of BOK Financial in the 2nd quarter worth $46,000. Bessemer Group Inc. acquired a new position in BOK Financial in the first quarter valued at $86,000. Finally, Point72 DIFC Ltd purchased a new stake in BOK Financial during the second quarter valued at about $143,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF stock opened at $110.98 on Wednesday. The company has a market capitalization of $7.16 billion, a PE ratio of 16.18 and a beta of 1.17. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average is $102.77 and its two-hundred day moving average is $96.21. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $113.06.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.65. The firm had revenue of $871.84 million for the quarter, compared to analysts’ expectations of $520.43 million. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. During the same period in the prior year, the company posted $2.27 earnings per share. Analysts predict that BOK Financial Co. will post 7.85 earnings per share for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, August 15th. BOK Financial’s dividend payout ratio is currently 32.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Stephens reiterated an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a research note on Tuesday, July 23rd. DA Davidson raised shares of BOK Financial from a “neutral” rating to a “buy” rating and raised their target price for the company from $113.00 to $124.00 in a research note on Tuesday. Keefe, Bruyette & Woods upped their price target on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Finally, Hovde Group raised their price objective on BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Seven investment analysts have rated the stock with a hold rating and four 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 price target of $111.10.

About BOK Financial

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.