Penn Capital Management Co. Inc. cut its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 18.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,850 shares of the bank’s stock after selling 1,746 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in BOK Financial were worth $1,923,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Comerica Bank lifted its position in BOK Financial by 246.2% during the first quarter. Comerica Bank now owns 23,972 shares of the bank’s stock valued at $2,031,000 after purchasing an additional 17,047 shares during the last quarter. SG Americas Securities LLC lifted its position in BOK Financial by 32.9% during the first quarter. SG Americas Securities LLC now owns 6,074 shares of the bank’s stock valued at $495,000 after purchasing an additional 1,503 shares during the last quarter. Coastline Trust Co bought a new stake in BOK Financial during the first quarter valued at approximately $210,000. Abacus Planning Group Inc. lifted its position in BOK Financial by 7.9% during the first quarter. Abacus Planning Group Inc. now owns 17,290 shares of the bank’s stock valued at $1,410,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Ellis Investment Partners LLC bought a new stake in BOK Financial during the first quarter valued at approximately $52,000. Institutional investors own 39.30% of the company’s stock.
Shares of BOK Financial stock opened at $81.89 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 1.68. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.71 and a beta of 1.23. BOK Financial Co. has a 12-month low of $69.96 and a 12-month high of $106.65.
BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings data on Wednesday, April 24th. The bank reported $1.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.71 by ($0.04). The company had revenue of $435.37 million for the quarter, compared to analysts’ expectations of $446.13 million. BOK Financial had a net margin of 23.03% and a return on equity of 11.64%. During the same period in the previous year, the firm posted $1.61 earnings per share. On average, analysts forecast that BOK Financial Co. will post 7.25 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 13th will be given a dividend of $0.50 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, May 10th. BOK Financial’s payout ratio is presently 29.50%.
A number of equities research analysts have recently weighed in on BOKF shares. Stephens restated a “buy” rating and issued a $100.00 price objective on shares of BOK Financial in a report on Monday, April 29th. Zacks Investment Research upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. BidaskClub upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a report on Friday, February 8th. ValuEngine downgraded shares of BOK Financial from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Finally, SunTrust Banks lifted their target price on shares of BOK Financial to $92.00 and gave the stock a “hold” rating in a research note on Thursday, January 31st. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. BOK Financial has a consensus rating of “Hold” and a consensus target price of $101.55.
In other BOK Financial news, Director Steven Bangert sold 10,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $86.84, for a total transaction of $868,400.00. Following the transaction, the director now directly owns 147,841 shares of the company’s stock, valued at approximately $12,838,512.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 54.90% of the stock is currently owned by insiders.
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.
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