Interval Partners LP Acquires New Stake in BOK Financial Co. (BOKF)

Interval Partners LP acquired a new stake in shares of BOK Financial Co. (NASDAQ:BOKF) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,000 shares of the bank’s stock, valued at approximately $1,188,000.

A number of other hedge funds have also recently bought and sold shares of the business. Three Peaks Capital Management LLC purchased a new stake in shares of BOK Financial during the first quarter valued at $112,000. Meeder Asset Management Inc. purchased a new stake in shares of BOK Financial during the first quarter valued at $150,000. Parametrica Management Ltd purchased a new stake in shares of BOK Financial during the first quarter valued at $230,000. Jefferies Group LLC purchased a new stake in shares of BOK Financial during the fourth quarter valued at $260,000. Finally, A.R.T. Advisors LLC purchased a new stake in shares of BOK Financial during the first quarter valued at $287,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

In other news, EVP Norman P. Bagwell sold 584 shares of the company’s stock in a transaction dated Monday, March 26th. The shares were sold at an average price of $99.00, for a total transaction of $57,816.00. Following the transaction, the executive vice president now owns 34,415 shares in the company, valued at $3,407,085. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven E. Nell sold 8,011 shares of the company’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $98.12, for a total transaction of $786,039.32. Following the transaction, the chief financial officer now owns 72,061 shares in the company, valued at approximately $7,070,625.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,559 shares of company stock valued at $3,211,113. Insiders own 60.50% of the company’s stock.

BOKF stock opened at $102.30 on Thursday. The stock has a market cap of $6.76 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 1.92 and a beta of 0.92. BOK Financial Co. has a one year low of $77.10 and a one year high of $107.00. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 1.67.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Wednesday, April 25th. The bank reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.09. The business had revenue of $375.73 million during the quarter, compared to analyst estimates of $385.36 million. BOK Financial had a net margin of 20.79% and a return on equity of 10.39%. During the same period in the prior year, the firm posted $1.35 earnings per share. analysts predict that BOK Financial Co. will post 6.73 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 25th. Shareholders of record on Friday, May 11th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Thursday, May 10th. BOK Financial’s payout ratio is 34.03%.

A number of analysts have recently issued reports on the stock. Stephens reissued a “buy” rating and set a $112.00 target price on shares of BOK Financial in a research note on Tuesday, May 29th. ValuEngine lowered shares of BOK Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush upped their price objective on shares of BOK Financial from $103.00 to $106.00 and gave the stock a “neutral” rating in a research note on Monday, March 19th. Morgan Stanley upped their price objective on shares of BOK Financial from $101.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, April 27th. Finally, BidaskClub raised shares of BOK Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $104.11.

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.

Institutional Ownership by Quarter for BOK Financial (NASDAQ:BOKF)

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