Sterling Capital Management LLC Increases Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Sterling Capital Management LLC boosted its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 57.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,360 shares of the bank’s stock after acquiring an additional 495 shares during the period. Sterling Capital Management LLC’s holdings in BOK Financial were worth $145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of BOK Financial during the 4th quarter worth about $23,516,000. FIL Ltd acquired a new position in shares of BOK Financial during the fourth quarter valued at approximately $6,281,000. Raymond James Financial Inc. acquired a new position in shares of BOK Financial during the fourth quarter valued at approximately $6,138,000. Treasurer of the State of North Carolina boosted its stake in shares of BOK Financial by 352.3% in the fourth quarter. Treasurer of the State of North Carolina now owns 44,832 shares of the bank’s stock worth $4,772,000 after acquiring an additional 34,920 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of BOK Financial in the fourth quarter worth approximately $2,984,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BOKF has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on BOK Financial from $120.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada raised their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. StockNews.com downgraded shares of BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Stephens cut their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Finally, Barclays dropped their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BOK Financial has a consensus rating of “Hold” and an average target price of $117.00.

BOK Financial Stock Down 1.7 %

Shares of NASDAQ BOKF opened at $89.65 on Tuesday. The stock has a market cap of $5.76 billion, a PE ratio of 11.03 and a beta of 0.93. BOK Financial Co. has a 52-week low of $85.08 and a 52-week high of $121.58. The business has a 50-day moving average price of $100.70 and a 200 day moving average price of $107.77. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, April 21st. The bank reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.15). BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. The business had revenue of $500.37 million during the quarter, compared to analyst estimates of $520.86 million. Equities research analysts forecast that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 2.54%. The ex-dividend date was Wednesday, February 12th. BOK Financial’s dividend payout ratio (DPR) is presently 28.04%.

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.