Interval Partners LP Sells 427 Shares of BOK Financial Co. (NASDAQ:BOKF)

Interval Partners LP lowered its position in shares of BOK Financial Co. (NASDAQ:BOKF) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,088 shares of the bank’s stock after selling 427 shares during the period. Interval Partners LP’s holdings in BOK Financial were worth $1,020,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BOKF. Jacobs Levy Equity Management Inc. increased its stake in shares of BOK Financial by 23.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 39,174 shares of the bank’s stock worth $3,604,000 after acquiring an additional 7,412 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of BOK Financial by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,375 shares of the bank’s stock worth $1,323,000 after buying an additional 797 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of BOK Financial in the first quarter worth $86,000. Covestor Ltd increased its position in BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock worth $43,000 after purchasing an additional 369 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in BOK Financial by 71.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after purchasing an additional 15,626 shares during the last quarter. Hedge funds and other institutional investors own 34.44% of the company’s stock.

Insider Transactions at BOK Financial

In other news, Director Steven Bangert sold 3,000 shares of BOK Financial stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $91.66, for a total transaction of $274,980.00. Following the transaction, the director now owns 47,985 shares in the company, valued at $4,398,305.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 56.94% of the stock is owned by insiders.

BOK Financial Stock Down 0.9 %

Shares of NASDAQ:BOKF traded down $0.90 during mid-day trading on Wednesday, hitting $103.35. 105,144 shares of the company traded hands, compared to its average volume of 155,945. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.82 and a current ratio of 0.82. BOK Financial Co. has a 52-week low of $62.42 and a 52-week high of $107.97. The firm’s 50 day simple moving average is $93.37 and its 200 day simple moving average is $89.47. The firm has a market cap of $6.67 billion, a P/E ratio of 15.20 and a beta of 1.19.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings data on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a return on equity of 10.04% and a net margin of 13.92%. The business had revenue of $871.84 million during the quarter, compared to analyst estimates of $520.43 million. During the same quarter in the previous year, the firm posted $2.27 EPS. On average, equities analysts anticipate that BOK Financial Co. will post 7.83 EPS for the current year.

Analysts Set New Price Targets

BOKF has been the topic of several recent analyst reports. StockNews.com raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Friday, July 26th. Royal Bank of Canada raised their price target on shares of BOK Financial from $99.00 to $114.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Raymond James reaffirmed an “outperform” rating and issued a $105.00 price objective (up from $103.00) on shares of BOK Financial in a research report on Thursday, April 25th. Stephens reissued an “equal weight” rating and set a $104.00 price target on shares of BOK Financial in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and a consensus target price of $108.00.

BOK Financial Company 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.