Capital Advisors Inc. OK Sells 290 Shares of BOK Financial Co. (NASDAQ:BOKF)

Capital Advisors Inc. OK reduced its stake in BOK Financial Co. (NASDAQ:BOKF) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,625 shares of the bank’s stock after selling 290 shares during the period. Capital Advisors Inc. OK’s holdings in BOK Financial were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of BOK Financial by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock valued at $199,405,000 after purchasing an additional 125,950 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in BOK Financial by 4,370,260.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after purchasing an additional 218,513 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after purchasing an additional 13,175 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in BOK Financial by 23.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock worth $3,604,000 after purchasing an additional 7,412 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of BOK Financial by 71.3% during 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 acquiring an additional 15,626 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 0.8 %

BOK Financial stock opened at $105.43 on Friday. 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 cap of $6.76 billion, a PE ratio of 14.50 and a beta of 1.17. The stock has a 50-day moving average of $105.34 and a two-hundred day moving average of $97.88. BOK Financial Co. has a one year low of $66.21 and a one year high of $114.93.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, October 21st. The bank reported $2.18 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.20. The company 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 13.78% and a return on equity of 9.88%. During the same quarter in the previous year, the firm earned $2.04 EPS. On average, research analysts anticipate that BOK Financial Co. will post 7.95 EPS for the current fiscal year.

BOK Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Friday, November 15th will be paid a $0.57 dividend. This is a positive change from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.28 dividend on an annualized basis and a yield of 2.16%. BOK Financial’s dividend payout ratio (DPR) is 30.26%.

Wall Street Analysts Forecast Growth

BOKF has been the subject of several recent research reports. Hovde Group boosted their price target on shares of BOK Financial from $106.00 to $122.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Wells Fargo & Company upped their target price on BOK Financial from $102.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Stephens cut their price target on BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Truist Financial upgraded BOK Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.00 to $123.00 in a research note on Friday, September 20th. Finally, StockNews.com upgraded BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.20.

BOK Financial 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.