Reinhart Partners Inc. boosted its stake in BOK Financial Corporation (NASDAQ:BOKF) by 16.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 274,135 shares of the bank’s stock after buying an additional 39,345 shares during the period. BOK Financial Corporation accounts for about 2.3% of Reinhart Partners Inc.’s portfolio, making the stock its 21st largest position. Reinhart Partners Inc. owned 0.42% of BOK Financial Corporation worth $23,063,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of BOK Financial Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 2,423,592 shares of the bank’s stock valued at $189,696,000 after buying an additional 337,132 shares in the last quarter. Norges Bank bought a new stake in shares of BOK Financial Corporation during the fourth quarter valued at approximately $17,717,000. Aristotle Capital Management LLC increased its position in shares of BOK Financial Corporation by 5.8% in the first quarter. Aristotle Capital Management LLC now owns 1,879,501 shares of the bank’s stock valued at $147,109,000 after buying an additional 103,196 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of BOK Financial Corporation by 5.1% in the first quarter. Neuberger Berman Group LLC now owns 1,809,638 shares of the bank’s stock valued at $141,640,000 after buying an additional 87,853 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of BOK Financial Corporation during the first quarter valued at about $6,586,000. 32.72% of the stock is currently owned by institutional investors.
BOK Financial Corporation (NASDAQ BOKF) traded down 1.17% on Friday, reaching $80.22. The company’s stock had a trading volume of 56,114 shares. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 17.51 and a beta of 0.99. The firm’s 50-day moving average price is $84.50 and its 200-day moving average price is $82.13. BOK Financial Corporation has a 52-week low of $65.74 and a 52-week high of $88.80.
BOK Financial Corporation (NASDAQ:BOKF) last issued its earnings results on Wednesday, July 26th. The bank reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. BOK Financial Corporation had a return on equity of 8.87% and a net margin of 18.96%. The business had revenue of $387.46 million during the quarter, compared to analyst estimates of $384.52 million. During the same period in the previous year, the company posted $1.00 EPS. On average, equities analysts expect that BOK Financial Corporation will post $5.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, August 9th. BOK Financial Corporation’s payout ratio is 38.34%.
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BOKF has been the subject of several research analyst reports. Wedbush lifted their price objective on BOK Financial Corporation from $79.00 to $83.00 and gave the company a “neutral” rating in a research report on Thursday, April 27th. BidaskClub upgraded BOK Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Piper Jaffray Companies reiterated a “hold” rating and issued a $89.00 price objective on shares of BOK Financial Corporation in a research report on Friday, July 14th. Royal Bank Of Canada restated a “hold” rating on shares of BOK Financial Corporation in a research report on Thursday, April 27th. Finally, Stephens restated a “buy” rating and set a $95.00 target price on shares of BOK Financial Corporation in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $86.67.
In other BOK Financial Corporation news, EVP Donald T. Parker sold 5,312 shares of BOK Financial Corporation stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $82.01, for a total transaction of $435,637.12. Following the completion of the transaction, the executive vice president now owns 43,510 shares in the company, valued at approximately $3,568,255.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stacy Kymes sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $85.06, for a total value of $255,180.00. Following the completion of the transaction, the executive vice president now owns 29,627 shares in the company, valued at approximately $2,520,072.62. The disclosure for this sale can be found here. Insiders sold a total of 10,612 shares of company stock valued at $877,388 over the last ninety days. 62.00% of the stock is currently owned by corporate insiders.
About BOK Financial Corporation
BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company’s segments include Commercial Banking, Consumer Banking, Wealth Management, and Funds Management and Other.
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