Forum Financial Management LP Has $243,000 Stake in BOK Financial Corporation $BOKF

Forum Financial Management LP raised its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,488 shares of the bank’s stock after acquiring an additional 122 shares during the period. Forum Financial Management LP’s holdings in BOK Financial were worth $243,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of BOK Financial by 8.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 236,832 shares of the bank’s stock worth $24,415,000 after buying an additional 18,355 shares in the last quarter. Edgestream Partners L.P. increased its holdings in shares of BOK Financial by 229.0% in the first quarter. Edgestream Partners L.P. now owns 46,521 shares of the bank’s stock valued at $4,845,000 after purchasing an additional 32,380 shares in the last quarter. Northern Trust Corp increased its holdings in shares of BOK Financial by 25.1% in the first quarter. Northern Trust Corp now owns 182,347 shares of the bank’s stock valued at $18,991,000 after purchasing an additional 36,630 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of BOK Financial by 29.0% in the first quarter. Wolverine Asset Management LLC now owns 24,840 shares of the bank’s stock valued at $2,587,000 after purchasing an additional 5,584 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of BOK Financial in the first quarter valued at approximately $218,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BOKF shares. Barclays raised shares of BOK Financial to a “hold” rating in a report on Wednesday, October 8th. DA Davidson raised their price target on shares of BOK Financial from $120.00 to $122.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Citigroup raised their price target on shares of BOK Financial from $97.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Jefferies Financial Group set a $135.00 price target on shares of BOK Financial and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Hovde Group lifted their target price on shares of BOK Financial from $110.00 to $123.00 and gave the stock an “outperform” rating in a report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $115.55.

BOK Financial Price Performance

Shares of NASDAQ BOKF opened at $107.91 on Tuesday. The firm has a market cap of $6.86 billion, a PE ratio of 12.86 and a beta of 0.88. The company has a current ratio of 0.78, a quick ratio of 0.77 and a debt-to-equity ratio of 0.70. BOK Financial Corporation has a 1-year low of $85.07 and a 1-year high of $121.58. The company has a fifty day moving average price of $110.56 and a 200 day moving average price of $102.05.

BOK Financial (NASDAQ:BOKF) last issued its quarterly earnings results on Monday, September 8th. The bank reported $2.02 EPS for the quarter. BOK Financial had a net margin of 15.98% and a return on equity of 9.35%. The firm had revenue of $298.49 million for the quarter. Research analysts predict that BOK Financial Corporation will post 8.83 earnings per share for the current fiscal 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.