Heritage Trust Co Takes $337,000 Position in BOK Financial Co. (NASDAQ:BOKF)

Heritage Trust Co purchased a new position in shares of BOK Financial Co. (NASDAQ:BOKF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,167 shares of the bank’s stock, valued at approximately $337,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of BOK Financial by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 2,445,542 shares of the bank’s stock worth $260,328,000 after buying an additional 11,418 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of BOK Financial by 68.1% in the fourth quarter. Prudential Financial Inc. now owns 8,170 shares of the bank’s stock valued at $937,000 after acquiring an additional 3,310 shares in the last quarter. Raymond James Financial Inc. acquired a new position in BOK Financial during the 4th quarter worth approximately $6,138,000. HighTower Advisors LLC raised its stake in shares of BOK Financial by 166.9% during the 4th quarter. HighTower Advisors LLC now owns 7,504 shares of the bank’s stock worth $799,000 after buying an additional 4,692 shares in the last quarter. Finally, Meritage Portfolio Management acquired a new stake in shares of BOK Financial in the 4th quarter valued at approximately $444,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Wall Street Analyst Weigh In

BOKF has been the topic of a number of recent analyst reports. StockNews.com lowered BOK Financial from a “buy” rating to a “hold” rating in a report on Monday, March 17th. Royal Bank of Canada upped their price target on shares of BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 22nd. Wells Fargo & Company cut their price target on shares of BOK Financial from $120.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday. Stephens decreased their price objective on shares of BOK Financial from $135.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Barclays dropped their price objective on BOK Financial from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $117.00.

BOK Financial Stock Down 0.3 %

BOKF opened at $87.86 on Friday. The firm has a market cap of $5.64 billion, a P/E ratio of 10.81 and a beta of 0.93. The business’s fifty day simple moving average is $103.19 and its 200 day simple moving average is $108.26. BOK Financial Co. has a 52 week low of $85.02 and a 52 week high of $121.58. The company has a quick ratio of 0.79, a current ratio of 0.75 and a debt-to-equity ratio of 0.57.

BOK Financial (NASDAQ:BOKF) last released its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. As a group, equities research analysts anticipate that BOK Financial Co. will post 8.83 EPS for the current fiscal year.

BOK Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Wednesday, February 12th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 annualized dividend and a yield of 2.60%. BOK Financial’s payout ratio is currently 28.04%.

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.