Amalgamated Bank Sells 2,010 Shares of BOK Financial Co. (NASDAQ:BOKF)

Amalgamated Bank cut its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 62.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,206 shares of the bank’s stock after selling 2,010 shares during the quarter. Amalgamated Bank’s holdings in BOK Financial were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BOKF. State Board of Administration of Florida Retirement System lifted its holdings in BOK Financial by 71.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares in the last quarter. Edgestream Partners L.P. purchased a new position in BOK Financial during the second quarter valued at $3,429,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in BOK Financial by 11.7% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock valued at $11,567,000 after acquiring an additional 13,175 shares in the last quarter. Sei Investments Co. bought a new stake in BOK Financial in the 1st quarter valued at $468,000. Finally, Creative Planning boosted its holdings in shares of BOK Financial by 130.1% during the 3rd quarter. Creative Planning now owns 11,946 shares of the bank’s stock valued at $1,250,000 after purchasing an additional 6,755 shares during the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Price Performance

Shares of BOKF opened at $114.66 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. The company has a 50 day moving average price of $107.38 and a 200-day moving average price of $99.76. BOK Financial Co. has a fifty-two week low of $69.76 and a fifty-two week high of $119.52. The stock has a market capitalization of $7.35 billion, a PE ratio of 15.77 and a beta of 1.17.

BOK Financial (NASDAQ:BOKF) last posted its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.20. BOK Financial had a return on equity of 9.67% and a net margin of 13.78%. The company had revenue of $888.50 million for the quarter, compared to analyst estimates of $509.43 million. During the same quarter in the previous year, the firm earned $2.04 earnings per share. Equities analysts predict that BOK Financial Co. will post 8.07 earnings per share for the current fiscal year.

BOK Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from BOK Financial’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a yield of 1.99%. BOK Financial’s dividend payout ratio (DPR) is 30.26%.

Insiders Place Their Bets

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total value of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 56.94% of the company’s stock.

Wall Street Analyst Weigh In

BOKF has been the subject of a number of research reports. StockNews.com raised BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Hovde Group boosted their price target on shares of BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Wells Fargo & Company increased their price objective on shares of BOK Financial from $102.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Keefe, Bruyette & Woods boosted their target price on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, DA Davidson lowered their price target on shares of BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, BOK Financial presently has a consensus rating of “Hold” and an average price target of $112.20.

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.