Nicolet Advisory Services LLC Invests $233,000 in BOK Financial Co. (NASDAQ:BOKF)

Nicolet Advisory Services LLC bought a new stake in BOK Financial Co. (NASDAQ:BOKF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,233 shares of the bank’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BOKF. Cerity Partners LLC grew its position in BOK Financial by 167.8% in the third quarter. Cerity Partners LLC now owns 5,857 shares of the bank’s stock valued at $613,000 after acquiring an additional 3,670 shares during the period. BNP Paribas Financial Markets increased its position in shares of BOK Financial by 33.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,781 shares of the bank’s stock worth $500,000 after purchasing an additional 1,204 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in BOK Financial by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 82,609 shares of the bank’s stock valued at $8,643,000 after purchasing an additional 564 shares during the last quarter. Paloma Partners Management Co acquired a new position in BOK Financial in the third quarter valued at about $315,000. Finally, Centiva Capital LP bought a new stake in BOK Financial during the third quarter worth about $440,000. Institutional investors own 34.44% of the company’s stock.

BOK Financial Trading Down 4.7 %

Shares of NASDAQ BOKF opened at $89.91 on Friday. The company’s 50 day simple moving average is $106.05 and its 200 day simple moving average is $109.01. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.75 and a quick ratio of 0.79. BOK Financial Co. has a fifty-two week low of $85.02 and a fifty-two week high of $121.58. The firm has a market capitalization of $5.77 billion, a P/E ratio of 11.06 and a beta of 1.20.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, analysts predict that BOK Financial Co. will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Wednesday, February 12th. BOK Financial’s dividend payout ratio is currently 28.04%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BOKF shares. StockNews.com downgraded BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Barclays assumed coverage on BOK Financial in a report on Wednesday. They set an “equal weight” rating and a $115.00 target price on the stock. Royal Bank of Canada lifted their price target on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a report on Wednesday, January 22nd. Finally, Stephens reduced their price target on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.70.

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.