Cwm LLC Purchases 989 Shares of BOK Financial Co. (NASDAQ:BOKF)

Cwm LLC grew its position in BOK Financial Co. (NASDAQ:BOKF) by 211.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,456 shares of the bank’s stock after purchasing an additional 989 shares during the period. Cwm LLC’s holdings in BOK Financial were worth $152,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in BOKF. Point72 Asia Singapore Pte. Ltd. bought a new stake in BOK Financial during the second quarter worth $39,000. Covestor Ltd increased its position in shares of BOK Financial by 361.8% during the 1st quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after purchasing an additional 369 shares during the last quarter. Olistico Wealth LLC bought a new stake in shares of BOK Financial during the 2nd quarter worth $46,000. Bessemer Group Inc. purchased a new position in shares of BOK Financial in the 1st quarter worth about $86,000. Finally, Point72 DIFC Ltd bought a new position in BOK Financial during the second quarter valued at about $143,000. 34.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on BOKF shares. Stephens lowered their price objective on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Royal Bank of Canada raised their price target on shares of BOK Financial from $111.00 to $113.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $112.00 to $123.00 in a research note on Friday, September 20th. DA Davidson reduced their price objective on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company boosted their target price on BOK Financial from $100.00 to $102.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $111.90.

BOK Financial Stock Performance

Shares of BOKF opened at $108.01 on Friday. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $114.93. The stock’s 50-day simple moving average is $104.68 and its 200 day simple moving average is $97.13. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 15.74 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.20. The firm had revenue of $888.50 million for the quarter, compared to the consensus estimate of $509.43 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 firm posted $2.04 earnings per share. Research analysts forecast that BOK Financial Co. will post 7.85 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.04%. The ex-dividend date was Thursday, August 15th. BOK Financial’s payout ratio is 32.07%.

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.