BOK Financial Co. (NASDAQ:BOKF) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lowered its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 35.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 78,596 shares of the bank’s stock after selling 43,296 shares during the period. Reinhart Partners LLC.’s holdings in BOK Financial were worth $8,367,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BOKF. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BOK Financial in the second quarter valued at approximately $39,000. KBC Group NV raised its holdings in shares of BOK Financial by 25.3% in the 3rd quarter. KBC Group NV now owns 905 shares of the bank’s stock valued at $95,000 after buying an additional 183 shares during the period. Prospera Private Wealth LLC purchased a new position in BOK Financial during the 3rd quarter valued at about $142,000. Point72 DIFC Ltd purchased a new stake in BOK Financial during the second quarter worth about $143,000. Finally, CWM LLC lifted its position in shares of BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock worth $152,000 after purchasing an additional 989 shares in the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

BOK Financial Stock Performance

NASDAQ BOKF traded up $1.00 during trading hours on Monday, hitting $105.50. The company had a trading volume of 31,520 shares, compared to its average volume of 114,230. The business has a 50 day moving average of $113.35 and a 200-day moving average of $106.00. The company has a market cap of $6.76 billion, a PE ratio of 14.51 and a beta of 1.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.79 and a current ratio of 0.79. BOK Financial Co. has a 1-year low of $77.86 and a 1-year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its earnings results on Monday, October 21st. The bank reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.20. The business had revenue of $888.50 million for the quarter, compared to analysts’ expectations of $509.43 million. BOK Financial had a net margin of 13.78% and a return on equity of 9.67%. During the same period in the previous year, the company posted $2.04 EPS. As a group, equities research analysts expect that BOK Financial Co. will post 8.08 EPS for the current year.

BOK Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Friday, November 15th were paid a dividend of $0.57 per share. This is an increase from BOK Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 15th. This represents a $2.28 annualized dividend and a dividend yield of 2.16%. BOK Financial’s dividend payout ratio is 31.36%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BOKF. Keefe, Bruyette & Woods upped their target price on shares of BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Truist Financial raised BOK Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $112.00 to $123.00 in a research report on Friday, September 20th. Wells Fargo & Company boosted their target price on BOK Financial from $105.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 3rd. Royal Bank of Canada lifted their price objective on BOK Financial from $111.00 to $113.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Finally, Stephens cut their target price on shares of BOK Financial from $116.00 to $114.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, BOK Financial currently has a consensus rating of “Hold” and a consensus price target of $114.40.

Insider Buying and Selling

In related news, Director Steven Bangert sold 2,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $117.83, for a total transaction of $235,660.00. Following the completion of the transaction, the director now directly owns 44,709 shares of the company’s stock, valued at $5,268,061.47. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 56.94% of the company’s stock.

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.