12,010 Shares in BOK Financial Corporation $BOKF Bought by Diamond Hill Capital Management LLC Investment Advisor

Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of BOK Financial Corporation (NASDAQ:BOKF) during the second quarter, HoldingsChannel.com reports. The firm bought 12,010 shares of the bank’s stock, valued at approximately $1,668,000.

Several other large investors also recently bought and sold shares of BOKF. Farther Finance Advisors LLC increased its position in shares of BOK Financial by 173.1% in the fourth quarter. Farther Finance Advisors LLC now owns 213 shares of the bank’s stock valued at $25,000 after buying an additional 135 shares in the last quarter. Pinnacle Holdings LLC purchased a new stake in shares of BOK Financial in the 4th quarter worth about $31,000. Fifth Third Bancorp grew its stake in BOK Financial by 2,291.7% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the bank’s stock valued at $37,000 after acquiring an additional 275 shares during the last quarter. Covestor Ltd grew its stake in BOK Financial by 108.0% in the 4th quarter. Covestor Ltd now owns 366 shares of the bank’s stock valued at $43,000 after acquiring an additional 190 shares during the last quarter. Finally, Root Financial Partners LLC increased its holdings in BOK Financial by 56.2% during the 1st quarter. Root Financial Partners LLC now owns 367 shares of the bank’s stock valued at $47,000 after acquiring an additional 132 shares in the last quarter. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Upgrades and Downgrades

BOKF has been the subject of a number of research reports. Royal Bank Of Canada lifted their target price on shares of BOK Financial from $147.00 to $149.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 22nd. Raymond James Financial cut shares of BOK Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Citigroup restated a “neutral” rating on shares of BOK Financial in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of BOK Financial in a research note on Tuesday, June 9th. Finally, DA Davidson reiterated a “neutral” rating and set a $150.00 target price on shares of BOK Financial in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.36.

Insider Buying and Selling

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of BOK Financial stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $143.96, for a total value of $179,950.00. Following the completion of the sale, the director directly owned 31,710 shares of the company’s stock, valued at approximately $4,564,971.60. The trade was a 3.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brad A. Vincent sold 4,015 shares of BOK Financial stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total transaction of $583,861.30. Following the completion of the sale, the executive vice president directly owned 6,031 shares of the company’s stock, valued at $877,028.02. The trade was a 39.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,274 shares of company stock worth $765,067. 63.53% of the stock is owned by company insiders.

BOK Financial Trading Down 0.2%

Shares of BOKF stock opened at $145.72 on Tuesday. The firm has a 50-day moving average price of $139.23 and a 200 day moving average price of $133.48. BOK Financial Corporation has a twelve month low of $102.72 and a twelve month high of $146.84. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 13.73 and a beta of 0.80. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Monday, July 20th. The bank reported $2.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.09). BOK Financial had a net margin of 18.97% and a return on equity of 10.09%. The firm had revenue of $602.54 million during the quarter, compared to analysts’ expectations of $568.08 million. During the same quarter last year, the company posted $2.19 earnings per share. BOK Financial’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts forecast that BOK Financial Corporation will post 10.32 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.52 dividend on an annualized basis and a yield of 1.7%. BOK Financial’s dividend payout ratio (DPR) is 23.75%.

BOK Financial Company Profile

BOK Financial Corporation (NASDAQ: BOKF), headquartered in Tulsa, Oklahoma, is a diversified financial services holding company serving businesses, professionals and individuals across the central and western United States. Through its banking subsidiary, BOK Financial offers a full suite of commercial banking, treasury and payment management services, as well as consumer deposit and lending solutions. The company’s offerings also encompass wealth management, trust and asset management, investment banking, and insurance products designed to meet the needs of both retail and institutional clients.

The roots of BOK Financial date back to the founding of the Bank of Oklahoma in 1910.