Prescott Group Capital Management L.L.C. Has $5.32 Million Position in BOK Financial Co. (NASDAQ:BOKF)

Prescott Group Capital Management L.L.C. cut its stake in shares of BOK Financial Co. (NASDAQ:BOKF) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 49,993 shares of the bank’s stock after selling 3,500 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in BOK Financial were worth $5,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in BOK Financial by 33.8% during the 4th quarter. Venturi Wealth Management LLC now owns 396 shares of the bank’s stock worth $42,000 after acquiring an additional 100 shares during the last quarter. KBC Group NV grew its holdings in shares of BOK Financial by 25.3% during the third quarter. KBC Group NV now owns 905 shares of the bank’s stock worth $95,000 after purchasing an additional 183 shares during the last quarter. US Bancorp DE increased its stake in shares of BOK Financial by 12.5% in the fourth quarter. US Bancorp DE now owns 1,088 shares of the bank’s stock valued at $116,000 after buying an additional 121 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of BOK Financial in the third quarter valued at about $142,000. Finally, SageView Advisory Group LLC bought a new position in shares of BOK Financial in the third quarter valued at about $200,000. Institutional investors and hedge funds own 34.44% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wells Fargo & Company raised their price objective 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. StockNews.com raised shares of BOK Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on BOK Financial from $112.00 to $125.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Stephens lowered their target price on BOK Financial from $135.00 to $127.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada boosted their target price on BOK Financial from $115.00 to $120.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 22nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, BOK Financial currently has a consensus rating of “Hold” and an average price target of $116.40.

BOK Financial Trading Down 2.5 %

NASDAQ:BOKF opened at $102.72 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.79 and a debt-to-equity ratio of 0.57. BOK Financial Co. has a 1-year low of $85.02 and a 1-year high of $121.58. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 12.63 and a beta of 1.19. The business’s 50-day moving average price is $109.37 and its two-hundred day moving average price is $109.22.

BOK Financial (NASDAQ:BOKF) last announced its quarterly earnings results on Friday, January 17th. The bank reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.15. BOK Financial had a net margin of 15.32% and a return on equity of 9.86%. On average, equities analysts expect that BOK Financial Co. will post 8.83 earnings per share for the current year.

BOK Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.22%. BOK Financial’s dividend payout ratio is 28.04%.

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.