Cambiar Investors LLC Cuts Position in BOK Financial Co. (NASDAQ:BOKF)

Cambiar Investors LLC lessened its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 11.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 115,094 shares of the bank’s stock after selling 14,751 shares during the quarter. Cambiar Investors LLC’s holdings in BOK Financial were worth $12,252,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. KBC Group NV lifted its stake in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after purchasing an additional 183 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of BOK Financial in the 3rd quarter valued at approximately $142,000. CWM LLC lifted its stake in shares of BOK Financial by 211.8% in the 3rd quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of BOK Financial during the 3rd quarter worth approximately $181,000. Finally, SageView Advisory Group LLC bought a new stake in shares of BOK Financial during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of research analyst reports. StockNews.com raised BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wedbush reissued a “neutral” rating and set a $115.00 price target on shares of BOK Financial in a research note on Tuesday, October 22nd. DA Davidson decreased their price target on BOK Financial from $124.00 to $123.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Royal Bank of Canada raised their price target on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Finally, Stephens decreased their price target on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $116.40.

BOK Financial Trading Down 1.0 %

BOKF opened at $110.04 on Tuesday. The stock’s fifty day moving average is $111.26 and its two-hundred day moving average is $108.12. The company has a market capitalization of $7.06 billion, a P/E ratio of 13.54 and a beta of 1.19. BOK Financial Co. has a 52 week low of $78.99 and a 52 week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.87.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Analysts forecast that BOK Financial Co. will post 8.75 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.07%. BOK Financial’s dividend payout ratio is presently 28.04%.

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.