Meritage Portfolio Management Buys 381 Shares of BOK Financial Corporation $BOKF

Meritage Portfolio Management raised its stake in shares of BOK Financial Corporation (NASDAQ:BOKF) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,452 shares of the bank’s stock after purchasing an additional 381 shares during the quarter. Meritage Portfolio Management’s holdings in BOK Financial were worth $630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nicolet Advisory Services LLC raised its stake in shares of BOK Financial by 6.9% during the first quarter. Nicolet Advisory Services LLC now owns 2,386 shares of the bank’s stock worth $249,000 after acquiring an additional 153 shares in the last quarter. Royal Bank of Canada lifted its stake in BOK Financial by 11.3% in the first quarter. Royal Bank of Canada now owns 3,201 shares of the bank’s stock worth $333,000 after purchasing an additional 324 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in BOK Financial by 18.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,207 shares of the bank’s stock worth $230,000 after purchasing an additional 349 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new stake in BOK Financial in the first quarter worth $47,000. Finally, KLP Kapitalforvaltning AS lifted its stake in BOK Financial by 14.2% in the second quarter. KLP Kapitalforvaltning AS now owns 4,827 shares of the bank’s stock worth $471,000 after purchasing an additional 600 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on BOKF shares. Jefferies Financial Group set a $135.00 target price on BOK Financial and gave the company a “buy” rating in a report on Wednesday. Barclays upgraded BOK Financial to a “hold” rating in a report on Wednesday, October 8th. Wall Street Zen upgraded BOK Financial from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of BOK Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of BOK Financial from $101.00 to $115.00 and gave the stock a “market perform” rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.64.

BOK Financial Trading Down 5.6%

BOKF opened at $108.46 on Monday. The business has a 50 day simple moving average of $109.42 and a two-hundred day simple moving average of $101.09. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 12.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.78 and a quick ratio of 0.77. BOK Financial Corporation has a one year low of $85.07 and a one year high of $121.58.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Monday, September 8th. The bank reported $2.02 EPS for the quarter. BOK Financial had a return on equity of 9.39% and a net margin of 15.80%.The company had revenue of $298.49 million during the quarter. Analysts predict that BOK Financial Corporation will post 8.83 EPS for the current year.

BOK Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.1%. BOK Financial’s payout ratio is presently 27.31%.

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.