Avenir Corp Lowers Stock Position in BOK Financial Co. (NASDAQ:BOKF)

Avenir Corp lessened its holdings in BOK Financial Co. (NASDAQ:BOKFFree Report) by 1.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,460 shares of the bank’s stock after selling 2,450 shares during the quarter. BOK Financial accounts for about 1.0% of Avenir Corp’s holdings, making the stock its 19th biggest position. Avenir Corp owned approximately 0.20% of BOK Financial worth $10,274,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Covestor Ltd raised its position in shares of BOK Financial by 214.0% during the 3rd quarter. Covestor Ltd now owns 314 shares of the bank’s stock worth $25,000 after purchasing an additional 214 shares during the last quarter. Quarry LP grew its stake in shares of BOK Financial by 736.7% during the 1st quarter. Quarry LP now owns 410 shares of the bank’s stock valued at $35,000 after buying an additional 361 shares during the period. Headlands Technologies LLC purchased a new stake in BOK Financial during the 2nd quarter worth $39,000. Coppell Advisory Solutions Corp. purchased a new stake in BOK Financial during the 4th quarter worth $43,000. Finally, Captrust Financial Advisors boosted its position in BOK Financial by 32.1% during the 2nd quarter. Captrust Financial Advisors now owns 679 shares of the bank’s stock worth $51,000 after purchasing an additional 165 shares during the period. Hedge funds and other institutional investors own 35.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven Bangert sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $81.59, for a total transaction of $244,770.00. Following the sale, the director now owns 50,985 shares in the company, valued at $4,159,866.15. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 56.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BOKF shares. Citigroup started coverage on shares of BOK Financial in a research report on Friday, December 1st. They set a “neutral” rating and a $78.00 price target for the company. Royal Bank of Canada upped their price objective on shares of BOK Financial from $89.00 to $93.00 and gave the company a “sector perform” rating in a research report on Thursday, January 25th. Stephens upped their price objective on shares of BOK Financial from $96.00 to $98.00 and gave the company an “equal weight” rating in a research report on Thursday, January 25th. StockNews.com cut shares of BOK Financial from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of BOK Financial from $92.00 to $94.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $88.25.

View Our Latest Stock Report on BOKF

BOK Financial Stock Down 0.2 %

Shares of BOK Financial stock traded down $0.17 during trading on Friday, reaching $84.84. The company had a trading volume of 233,279 shares, compared to its average volume of 168,193. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 10.61 and a beta of 1.20. The firm’s fifty day moving average is $83.72 and its 200-day moving average is $79.48. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.85 and a current ratio of 0.85. BOK Financial Co. has a fifty-two week low of $62.42 and a fifty-two week high of $104.67.

BOK Financial (NASDAQ:BOKFGet Free Report) last issued its earnings results on Wednesday, January 24th. The bank reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.75 by ($0.49). The company had revenue of $843.21 million during the quarter, compared to analyst estimates of $485.87 million. BOK Financial had a net margin of 16.94% and a return on equity of 11.46%. During the same quarter last year, the company posted $2.51 EPS. On average, analysts anticipate that BOK Financial Co. will post 7.57 EPS for the current year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $2.20 annualized dividend and a yield of 2.59%. BOK Financial’s dividend payout ratio (DPR) is 27.50%.

BOK Financial Company Profile

(Free Report)

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.

See Also

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

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