BOK Financial Co. (NASDAQ:BOKF) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 229,336 shares of the bank’s stock after purchasing an additional 5,591 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in BOK Financial were worth $24,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BOKF. USA Financial Formulas acquired a new stake in BOK Financial during the 4th quarter worth $319,000. Merit Financial Group LLC purchased a new position in BOK Financial during the 4th quarter worth $256,000. SG Americas Securities LLC grew its position in BOK Financial by 433.0% during the 4th quarter. SG Americas Securities LLC now owns 9,216 shares of the bank’s stock worth $981,000 after purchasing an additional 7,487 shares during the last quarter. KBC Group NV grew its position in BOK Financial by 32.7% during the 4th quarter. KBC Group NV now owns 1,201 shares of the bank’s stock worth $128,000 after purchasing an additional 296 shares during the last quarter. Finally, Meritage Portfolio Management purchased a new position in BOK Financial during the 4th quarter worth $444,000. 34.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BOKF has been the topic of several research reports. Stephens lowered their price objective on shares of BOK Financial from $124.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 23rd. DA Davidson lowered their price objective on shares of BOK Financial from $122.00 to $114.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Raymond James set a $105.00 target price on shares of BOK Financial in a report on Tuesday, April 22nd. Barclays lowered their target price on shares of BOK Financial from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Hovde Group lowered their target price on shares of BOK Financial from $122.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $111.60.

BOK Financial Stock Down 0.4%

BOKF stock opened at $95.35 on Monday. The company has a market cap of $6.13 billion, a P/E ratio of 11.73 and a beta of 0.87. BOK Financial Co. has a 52 week low of $85.08 and a 52 week high of $121.58. The company’s 50-day moving average price is $96.34 and its 200 day moving average price is $106.27. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). The company had revenue of $500.37 million for the quarter, compared to analysts’ expectations of $520.86 million. BOK Financial had a return on equity of 9.86% and a net margin of 15.32%. On average, research analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, May 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 15th. BOK Financial’s dividend payout ratio is currently 26.21%.

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.