Treasurer of the State of North Carolina grew its stake in BOK Financial Co. (NASDAQ:BOKF) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,908 shares of the bank’s stock after acquiring an additional 480 shares during the period. Treasurer of the State of North Carolina’s holdings in BOK Financial were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Phocas Financial Corp. acquired a new position in BOK Financial during the second quarter worth $204,000. Commerce Bank boosted its holdings in BOK Financial by 11.0% during the second quarter. Commerce Bank now owns 2,938 shares of the bank’s stock worth $222,000 after purchasing an additional 292 shares during the last quarter. Advisor Group Inc. boosted its holdings in BOK Financial by 20.3% during the second quarter. Advisor Group Inc. now owns 2,278 shares of the bank’s stock worth $172,000 after purchasing an additional 384 shares during the last quarter. BB&T Corp boosted its holdings in BOK Financial by 2.3% during the second quarter. BB&T Corp now owns 22,875 shares of the bank’s stock worth $1,727,000 after purchasing an additional 519 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in BOK Financial by 15.1% during the second quarter. FDx Advisors Inc. now owns 4,350 shares of the bank’s stock worth $328,000 after purchasing an additional 570 shares during the last quarter. 40.08% of the stock is owned by institutional investors.
BOKF has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of BOK Financial from $89.00 to $88.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Stephens cut shares of BOK Financial from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $87.00 to $88.00 in a research note on Thursday, July 25th. Raymond James increased their price target on shares of BOK Financial from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Monday, October 7th. Finally, SunTrust Banks cut their price target on shares of BOK Financial from $88.00 to $85.00 and set a “hold” rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. BOK Financial has a consensus rating of “Hold” and a consensus target price of $91.14.
Shares of BOKF stock opened at $75.53 on Friday. The stock has a market cap of $5.20 billion, a P/E ratio of 10.37, a P/E/G ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.91 and a quick ratio of 0.91. The company has a fifty day moving average price of $77.55 and a two-hundred day moving average price of $79.49. BOK Financial Co. has a one year low of $69.96 and a one year high of $93.82.
BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. The firm had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $449.59 million. BOK Financial had a net margin of 22.90% and a return on equity of 11.41%. During the same quarter last year, the company posted $1.75 earnings per share. As a group, equities research analysts anticipate that BOK Financial Co. will post 7.36 EPS for the current fiscal year.
About BOK Financial
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.
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