Jacobs Levy Equity Management Inc. Boosts Position in BOK Financial Co. (NASDAQ:BOKF)

Jacobs Levy Equity Management Inc. raised its stake in BOK Financial Co. (NASDAQ:BOKF) by 23.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,174 shares of the bank’s stock after purchasing an additional 7,412 shares during the period. Jacobs Levy Equity Management Inc. owned 0.06% of BOK Financial worth $3,604,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BOKF. GAMMA Investing LLC purchased a new stake in shares of BOK Financial in the 4th quarter valued at about $41,000. Covestor Ltd boosted its holdings in shares of BOK Financial by 361.8% in the first quarter. Covestor Ltd now owns 471 shares of the bank’s stock valued at $43,000 after acquiring an additional 369 shares during the period. Bessemer Group Inc. purchased a new position in shares of BOK Financial during the first quarter worth approximately $86,000. Quest Partners LLC acquired a new position in shares of BOK Financial in the 4th quarter valued at $134,000. Finally, TFO Wealth Partners LLC raised its position in BOK Financial by 41,350.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,658 shares of the bank’s stock valued at $142,000 after purchasing an additional 1,654 shares during the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Insider Buying and Selling at BOK Financial

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on BOKF. Wedbush raised their price objective on shares of BOK Financial from $94.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods lifted their target price on BOK Financial from $100.00 to $110.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Truist Financial upped their price target on BOK Financial from $94.00 to $112.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. StockNews.com upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Stephens restated an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a research report on Tuesday, July 23rd. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, BOK Financial presently has an average rating of “Hold” and an average price target of $108.00.

BOK Financial Price Performance

BOKF stock traded down $0.48 during midday trading on Wednesday, hitting $103.77. 82,285 shares of the stock were exchanged, compared to its average volume of 155,602. BOK Financial Co. has a fifty-two week low of $62.42 and a fifty-two week high of $107.97. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 15.20 and a beta of 1.19. The stock’s 50-day moving average price is $93.37 and its 200-day moving average price is $89.47. 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 (NASDAQ:BOKF) last announced its earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 10.04%. The company had revenue of $871.84 million during the quarter, compared to analysts’ expectations of $520.43 million. During the same quarter in the previous year, the business posted $2.27 earnings per share. Research analysts predict that BOK Financial Co. will post 7.83 earnings per share for the current year.

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.