Reinhart Partners LLC. Sells 12,830 Shares of BOK Financial Co. (NASDAQ:BOKF)

Reinhart Partners LLC. decreased its position in BOK Financial Co. (NASDAQ:BOKF) by 9.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 121,892 shares of the bank’s stock after selling 12,830 shares during the period. Reinhart Partners LLC. owned about 0.19% of BOK Financial worth $12,752,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in BOK Financial by 6.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,176,031 shares of the bank’s stock worth $199,405,000 after purchasing an additional 125,950 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of BOK Financial by 4,370,260.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 218,518 shares of the bank’s stock valued at $20,025,000 after buying an additional 218,513 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of BOK Financial by 11.7% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 126,228 shares of the bank’s stock worth $11,567,000 after acquiring an additional 13,175 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of BOK Financial by 23.3% during 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 during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of BOK Financial by 71.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 37,532 shares of the bank’s stock worth $3,168,000 after acquiring an additional 15,626 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

BOK Financial Trading Up 2.7 %

Shares of BOK Financial stock opened at $107.95 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 1.27. BOK Financial Co. has a 12-month low of $62.42 and a 12-month high of $109.00. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 15.74 and a beta of 1.17. The firm’s 50-day moving average price is $102.20 and its two-hundred day moving average price is $95.86.

BOK Financial (NASDAQ:BOKF) last posted its quarterly earnings results on Monday, July 22nd. The bank reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.65. BOK Financial had a net margin of 13.92% and a return on equity of 9.94%. The business had revenue of $871.84 million for the quarter, compared to analyst estimates of $520.43 million. During the same quarter last year, the business posted $2.27 EPS. On average, analysts forecast that BOK Financial Co. will post 7.85 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a dividend of $0.55 per share. The ex-dividend date was Thursday, August 15th. This represents a $2.20 annualized dividend and a dividend yield of 2.04%. BOK Financial’s dividend payout ratio is currently 32.07%.

Analysts Set New Price Targets

A number of research firms have commented on BOKF. Stephens reaffirmed an “equal weight” rating and set a $104.00 price objective on shares of BOK Financial in a research report on Tuesday, July 23rd. Wells Fargo & Company increased their target price on BOK Financial from $100.00 to $102.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Wedbush boosted their price target on BOK Financial from $94.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Hovde Group increased their price objective on BOK Financial from $106.00 to $122.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Finally, Keefe, Bruyette & Woods lifted their target price on BOK Financial from $100.00 to $110.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, BOK Financial presently has an average rating of “Hold” and an average target price of $109.80.

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.