Polaris Capital Management LLC Lowers Stock Holdings in BOK Financial Co. (NASDAQ:BOKF)

Polaris Capital Management LLC trimmed its holdings in shares of BOK Financial Co. (NASDAQ:BOKF) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,164 shares of the bank’s stock after selling 1,300 shares during the period. Polaris Capital Management LLC’s holdings in BOK Financial were worth $1,934,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of BOKF. KBC Group NV lifted its holdings in BOK Financial by 25.3% in the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after buying an additional 183 shares during the period. Prospera Private Wealth LLC bought a new position in BOK Financial during the third quarter valued at approximately $142,000. CWM LLC lifted its holdings in BOK Financial by 211.8% during the third quarter. CWM LLC now owns 1,456 shares of the bank’s stock valued at $152,000 after purchasing an additional 989 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of BOK Financial in the third quarter valued at about $181,000. Finally, SageView Advisory Group LLC purchased a new stake in BOK Financial in the 3rd quarter worth $200,000. 34.44% of the stock is owned by hedge funds and other institutional investors.

BOK Financial Stock Down 1.0 %

BOKF stock opened at $110.04 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.79 and a quick ratio of 0.79. The company’s 50 day simple moving average is $111.26 and its 200-day simple moving average is $108.12. The firm has a market capitalization of $7.06 billion, a PE ratio of 13.54 and a beta of 1.19. BOK Financial Co. has a 12 month low of $78.99 and a 12 month high of $121.58.

BOK Financial (NASDAQ:BOKF) last released its earnings results on Friday, January 17th. The bank reported $2.12 EPS for the quarter, beating the consensus estimate of $1.97 by $0.15. BOK Financial had a return on equity of 9.96% and a net margin of 15.32%. Equities analysts expect that BOK Financial Co. will post 8.75 earnings per share for the current fiscal year.

BOK Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a yield of 2.07%. BOK Financial’s dividend payout ratio (DPR) is 28.04%.

Wall Street Analyst Weigh In

BOKF has been the topic of a number of research analyst reports. Wedbush restated a “neutral” rating and issued a $115.00 target price on shares of BOK Financial in a research note on Tuesday, October 22nd. StockNews.com raised shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on shares of BOK Financial from $105.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 3rd. Stephens lowered 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. Finally, Royal Bank of Canada lifted their target price on BOK Financial from $115.00 to $120.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 22nd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $116.40.

BOK Financial 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.