BOK Financial Corporation $BOKF Stock Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in shares of BOK Financial Corporation (NASDAQ:BOKF) by 89.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,240 shares of the bank’s stock after selling 28,609 shares during the quarter. Nisa Investment Advisors LLC’s holdings in BOK Financial were worth $410,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BOKF. Farther Finance Advisors LLC increased its stake in shares of BOK Financial by 17.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 714 shares of the bank’s stock valued at $90,000 after buying an additional 107 shares during the period. Engineers Gate Manager LP bought a new stake in shares of BOK Financial during the second quarter worth $989,000. Allworth Financial LP lifted its stake in shares of BOK Financial by 41.5% during the second quarter. Allworth Financial LP now owns 409 shares of the bank’s stock valued at $57,000 after acquiring an additional 120 shares during the period. Nykredit A S acquired a new position in shares of BOK Financial during the second quarter valued at $194,000. Finally, Corient Private Wealth LP lifted its stake in shares of BOK Financial by 15.6% during the second quarter. Corient Private Wealth LP now owns 4,261 shares of the bank’s stock valued at $592,000 after acquiring an additional 574 shares during the period. Institutional investors and hedge funds own 34.44% of the company’s stock.

BOK Financial Price Performance

BOKF opened at $130.05 on Thursday. The company has a fifty day moving average price of $131.65 and a two-hundred day moving average price of $132.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.78 and a current ratio of 0.78. BOK Financial Corporation has a 52 week low of $102.72 and a 52 week high of $146.84. The firm has a market capitalization of $7.90 billion, a PE ratio of 11.79 and a beta of 0.82.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Monday, October 19th. The bank reported $2.64 EPS for the quarter, beating the consensus estimate of $2.52 by $0.12. The company had revenue of $561.45 million during the quarter, compared to analysts’ expectations of $571.40 million. BOK Financial had a net margin of 19.53% and a return on equity of 10.41%. The business’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 EPS. As a group, analysts anticipate that BOK Financial Corporation will post 10.41 earnings per share for the current year.

BOK Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, August 19th. BOK Financial’s dividend payout ratio is currently 22.85%.

Wall Street Analyst Weigh In

BOKF has been the topic of several recent research reports. Wells Fargo & Company cut BOK Financial from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $148.00 to $135.00 in a report on Tuesday, September 29th. Royal Bank Of Canada dropped their price objective on BOK Financial from $149.00 to $146.00 and set a “sector perform” rating for the company in a report on Friday, October 9th. Jefferies Financial Group restated a “buy” rating and set a $150.00 target price on shares of BOK Financial in a research report on Tuesday, October 20th. Stephens cut their target price on shares of BOK Financial from $148.00 to $141.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 21st. Finally, Raymond James Financial lowered shares of BOK Financial from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $143.27.

Insider Transactions at BOK Financial

In other BOK Financial news, Director Steven Bangert sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $143.96, for a total transaction of $179,950.00. Following the transaction, the director owned 31,710 shares in the company, valued at approximately $4,564,971.60. This trade represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brad A. Vincent sold 4,015 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $145.42, for a total value of $583,861.30. Following the transaction, the executive vice president owned 6,031 shares in the company, valued at approximately $877,028.02. This trade represents a 39.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 63.53% of the company’s stock.

BOK Financial Company Profile

BOK Financial Corporation is a financial services holding company headquartered in Tulsa, Oklahoma. Through its banking and financial-services subsidiaries, the company serves businesses, institutions, individuals and families across the central and southwestern United States.

The company provides commercial banking, consumer banking, wealth management and capital markets services. Its offerings include deposit accounts, commercial and consumer loans, treasury and cash-management services, investment management, trust and private banking, mortgage lending, investment banking, securities brokerage and institutional trading.

BOK Financial operates under banking brands including Bank of Oklahoma, Bank of Texas and Bank of Albuquerque, with additional operations serving customers in Colorado, Kansas, Missouri and Arkansas.