Vest Financial LLC Invests $1.13 Million in BOK Financial Corporation $BOKF

Vest Financial LLC bought a new position in BOK Financial Corporation (NASDAQ:BOKF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,574 shares of the bank’s stock, valued at approximately $1,130,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,463,151 shares of the bank’s stock valued at $256,531,000 after acquiring an additional 90,948 shares in the last quarter. Ariel Investments LLC boosted its holdings in BOK Financial by 0.3% in the first quarter. Ariel Investments LLC now owns 1,808,295 shares of the bank’s stock valued at $188,334,000 after acquiring an additional 5,614 shares in the last quarter. AQR Capital Management LLC boosted its holdings in BOK Financial by 39.8% in the first quarter. AQR Capital Management LLC now owns 579,732 shares of the bank’s stock valued at $59,446,000 after acquiring an additional 165,184 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in BOK Financial by 13.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 269,292 shares of the bank’s stock valued at $27,314,000 after acquiring an additional 32,460 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in BOK Financial by 6.4% in the first quarter. Millennium Management LLC now owns 268,887 shares of the bank’s stock valued at $28,005,000 after acquiring an additional 16,108 shares in the last quarter. Institutional investors own 34.44% of the company’s stock.

BOK Financial Stock Performance

Shares of BOK Financial stock opened at $110.36 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $7.02 billion, a P/E ratio of 13.22 and a beta of 0.88. The business has a fifty day simple moving average of $110.07 and a two-hundred day simple moving average of $101.29. BOK Financial Corporation has a 12 month low of $85.07 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings data on Monday, September 8th. The bank reported $2.02 EPS for the quarter. The business had revenue of $298.49 million during the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%. On average, equities analysts forecast that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 13th. BOK Financial’s payout ratio is currently 27.31%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BOKF. DA Davidson lifted their price target on shares of BOK Financial from $114.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on shares of BOK Financial from $101.00 to $115.00 and gave the company a “market perform” rating in a report on Thursday, July 24th. Citigroup lifted their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada lifted their price target on shares of BOK Financial from $110.00 to $124.00 and gave the company a “sector perform” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of BOK Financial in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.64.

About BOK Financial

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.